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Compared to Estimates, Fortive (FTV) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Fortive (FTV - Free Report) reported revenue of $1.53 billion, up 2.7% over the same period last year. EPS came in at $0.97, compared to $0.85 in the year-ago quarter.
The reported revenue represents a surprise of -0.84% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +4.30%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Intelligent Operating Solutions: $661.20 million versus $680.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.6% change.
Sales- Advanced Healthcare Solutions: $322.50 million versus $314.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
Sales- Precision Technologies: $550.90 million versus $552.71 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Adjusted Operating Profit (Non-GAAP)- Precision Technologies: $145.30 million compared to the $141.44 million average estimate based on four analysts.
Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions: $214.70 million versus the four-analyst average estimate of $225.54 million.
Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions: $86.10 million versus the four-analyst average estimate of $80.23 million.
Operating Profit- Advanced Healthcare Solutions: $41 million versus $34.26 million estimated by three analysts on average.
Operating Profit- Intelligent Operating Solutions: $167.70 million versus $174.78 million estimated by three analysts on average.
Operating Profit- Precision Technologies: $122 million versus the three-analyst average estimate of $120.29 million.
Operating Profit- Other: -$35.20 million versus -$28.63 million estimated by three analysts on average.
Shares of Fortive have returned -3.9% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Fortive (FTV) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Fortive (FTV - Free Report) reported revenue of $1.53 billion, up 2.7% over the same period last year. EPS came in at $0.97, compared to $0.85 in the year-ago quarter.
The reported revenue represents a surprise of -0.84% over the Zacks Consensus Estimate of $1.55 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +4.30%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Intelligent Operating Solutions: $661.20 million versus $680.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.6% change.
- Sales- Advanced Healthcare Solutions: $322.50 million versus $314.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Sales- Precision Technologies: $550.90 million versus $552.71 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
- Adjusted Operating Profit (Non-GAAP)- Precision Technologies: $145.30 million compared to the $141.44 million average estimate based on four analysts.
- Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions: $214.70 million versus the four-analyst average estimate of $225.54 million.
- Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions: $86.10 million versus the four-analyst average estimate of $80.23 million.
- Operating Profit- Advanced Healthcare Solutions: $41 million versus $34.26 million estimated by three analysts on average.
- Operating Profit- Intelligent Operating Solutions: $167.70 million versus $174.78 million estimated by three analysts on average.
- Operating Profit- Precision Technologies: $122 million versus the three-analyst average estimate of $120.29 million.
- Operating Profit- Other: -$35.20 million versus -$28.63 million estimated by three analysts on average.
View all Key Company Metrics for Fortive here>>>Shares of Fortive have returned -3.9% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.