monsitj Investment Thesis Fortive Corporation (NYSE:FTV) should continue to deliver good revenue and margin growth moving forward. The company’s revenue growth should benefit from continued strength in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments. While the Precision Technologies segment has seen some weakness over the last few quarters, some green shoots like stabilizing orders indicate a potential for recovery in the back half of 2024. In addition, the company has a s ...

Fortive Corporation (FTV) reported first-quarter 2024 adjusted earnings per share (EPS) of 83 cents, which topped the Zacks Consensus Estimate by 5.1%. The bottom line increased 11% year over year.Revenues rose 4% year over year to $1.52 billion. However, it missed the Zacks Consensus Estimate by 0.1%. Core revenues also moved up 3% year over year, gaining from acceleration in the Intelligent Operating Solutions and Healthcare segments.The year-over-year improvement in the top line was driven by continued m ...

Fortive (FTV) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.06%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.93 per share when it actually produced earnings of $0.98, delivering a surprise of 5.38%.Over the last four quarters, the com ...

Financial Performance - Net earnings for Q1 2024 were $207 million, with adjusted net earnings of $295 million, excluding a $63 million gain on property sale[2]. - Revenues increased 4% year-over-year to $1.52 billion, with core revenue growth of 3%[3]. - Diluted net earnings per share (EPS) for Q1 was $0.58, up 18%, while adjusted diluted EPS was $0.83, up 11%[6]. - Net earnings for the three months ended March 29, 2024, were $207.4 million, compared to $173.6 million for the same period in 2023, reflecting a year-over-year increase of 19.4%[24]. - Adjusted net earnings for the same period were $295.3 million, compared to $266.7 million in the prior year, reflecting a 10.7% growth[46]. - Total revenue growth (GAAP) for the three months ended March 29, 2024, was 4.4%, while core revenue growth (Non-GAAP) was 2.5%[47]. - Operating cash flows (GAAP) increased by 47.2% to $256.7 million from $174.4 million year-over-year[48]. - Free cash flow (Non-GAAP) for the three months ended March 29, 2024, was $230.3 million, a 53.9% increase from $149.6 million in the same period last year[48]. Revenue Outlook - For Q2 2024, Fortive anticipates revenue of approximately $1.6 billion and diluted EPS between $0.57 and $0.60[4]. - Full-year 2024 revenue outlook is raised to approximately $6.35 billion to $6.43 billion, with diluted EPS guidance of $2.61 to $2.70[5]. Segment Performance - Intelligent Operating Solutions segment reported sales of $665.7 million, up from $632.1 million year-over-year[18]. - Precision Technologies segment sales increased to $559.0 million from $541.1 million year-over-year[18]. - Advanced Healthcare Solutions segment sales rose to $299.8 million from $287.5 million year-over-year[18]. Assets and Liabilities - Total assets increased to $17,520.1 million as of March 29, 2024, up from $16,911.8 million at December 31, 2023, representing a growth of 3.6%[22]. - Long-term debt increased to $3,941.7 million from $3,646.2 million, indicating a rise of 8.1%[22]. - Retained earnings rose to $7,685.2 million from $7,505.9 million, an increase of 2.4%[22]. - Cash and equivalents decreased to $704.6 million from $1,888.8 million, a decline of 62.7%[24]. Cash Flow and Investments - Cash used in investing activities totaled $1,737.4 million, primarily due to cash paid for acquisitions[24]. - Free cash flow was calculated as cash provided by operating activities of $256.7 million minus capital expenditures[43]. Other Financial Metrics - The company achieved 14 consecutive quarters of positive core revenue growth and 15 quarters of adjusted operating margin expansion[6]. - The anticipated pretax amortization of acquisition-related intangible assets for the twelve months ending December 31, 2024, is estimated at $1.27 per share[49]. - The impact of currency translation on revenue growth was a negative 0.6%[47]. - The average common diluted stock outstanding for the period was approximately 356 million shares[46]. - The company reported pretax losses from equity investments of $4.6 million for the three months ended March 29, 2024[46]. Divestment Plans - The company expects to complete the divestment of certain product lines of Invetech in Q2 2024, with a loss anticipated at the time of closing[38].

Fortive (FTV) has been beaten down lately with too much selling pressure. While the stock has lost 6.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measur ...

The market expects Fortive (FTV) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Ap ...

Uber Technologies (UBER) shares have performed well on the bourse over the past year driven by multiple tailwinds. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s take a look at the factors that make the stock a strong investment pick at the moment.Strong Price Performance: A glimpse at the company’s price trend reveals that its shares have surged 139.9% in the past year, surpassing the industry’s 48.9% growth.Image Source: Zacks Investment ResearchSolid Rank & ...

Fortive Corporation’s (FTV) subsidiary, Fluke Corp, has unveiled the PVA-1500 Series I-V curve tracer. The tracer will enhance the speed and accuracy of utility-scale solar technicians as well as improve testing operations for effective service and maintenance.The advanced tool aims to address the pressing need for reliable testing of photovoltaic arrays, which, in turn, boosts performance and optimizes returns on investment. The PVA-1500 I-V curve tracers include rapid testing capabilities and precise meas ...

EVERETT, Wash.--(BUSINESS WIRE)--Fluke Corp, a wholly owned subsidiary of Fortive Corporation [NYSE: FTV] and a global leader in test and measurement instruments, today announced the launch of the PVA-1500 Series I-V curve tracer, designed to empower utility-scale solar technicians with speed, accuracy, and streamlined testing operations for effective service and maintenance. This innovative tool addresses the critical need for efficient and reliable PV array testing, ultimately optimizing performance and m ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Fortive (FTV) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Fortive is one of 622 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Za ...