Core Viewpoint - Fortive Corporation is set to release its third-quarter 2024 earnings on October 30, with expectations of revenue growth and earnings per share increase compared to the previous year [1][2]. Financial Expectations - Total revenues are projected to be between $1.535 billion and $1.560 billion, with a Zacks Consensus Estimate of $1.55 billion, indicating a 3.5% increase from the prior-year quarter [2]. - Non-GAAP earnings per share (EPS) are estimated to range from 92 to 95 cents, with the Zacks Consensus Estimate at 93 cents, reflecting a 9.4% increase [2]. Recent Performance - Fortive has exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 2.6% [3]. - The company's shares have increased by 15.3% over the past year, while the sub-industry has grown by 23.9% [3]. Growth Drivers - Revenue growth is expected to be between 3% and 4.5%, driven by strong demand in the Intelligent Operating Solutions and Healthcare segments, despite flat core growth in the Precision Technologies segment [3]. - Core revenue growth is anticipated to be between 2% and 3.5% [3]. - Strategic acquisitions are expected to contribute to top-line expansion [4]. - The Intelligent Operating Solutions and Advanced Healthcare Solutions segments are experiencing momentum due to resilient revenue streams and new product launches [5]. Challenges - Delays in military and government R&D spending, slower recovery in China affecting Tektronix sales, and softness in Sensing Technologies may hinder the Precision Technologies segment's performance [6]. - Additional challenges include foreign exchange fluctuations, global macroeconomic weakness, and a high debt burden [6]. Strategic Developments - Fortive plans to pursue a tax-free spin-off of its Precision Technologies segment, creating two independent publicly traded companies by the fourth quarter of 2025 [7]. - The new entity will focus on test and measurement technologies, specialty sensors, and aerospace and defense subsystems, with an emphasis on improving margins and cash flow [7]. - The company maintains its third-quarter and full-year 2024 outlook post-spin-off announcement, expecting its share buyback program to enhance EPS growth in 2025 [8]. Earnings Prediction - The Zacks model indicates a potential earnings beat for Fortive, supported by a positive Earnings ESP of +0.15% and a Zacks Rank of 3 [9].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fortive (FTV) , which belongs to the Zacks Electronics - Testing Equipment industry. When looking at the last two reports, this industrial conglomerate has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.08%, on average, in the last two quarters. For the most recent quarter, Fortive was expected to post earning ...

Austin, TX, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Accruent, the leading provider of workplace and asset management solutions and an operating company of Fortive (NYSE: FTV), will present its forwardlooking vision for the built environment at Accruent Insights 2024, the company's annual user conference. Attendees will discover the latest innovations, including how connected products enhance workflow efficiency, modern strategies revolutionizing space planning, and how to enhance data and security across product ...

Eindhoven, Netherlands, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Eindhoven, Netherlands. 17th July 2024: Fluke, a global technology leader in the manufacture of compact, professional electronic test and measurement tools and software, has launched the new Fluke 1670 Series Multifunction Installation Tester which can cut by up to 50% the amount of time electricians and maintenance technicians spend producing reports. Designed by Fluke to represent the future of installation testing and become "the most important t ...

It has been about a month since the last earnings report for Fortive (FTV) . Shares have added about 3.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Fortive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Fortive Q2 Earnings Beat Estimates Fortive reported s ...

Company Overview - Accruent is a leading provider of workplace and asset management solutions, operating under Fortive (NYSE: FTV) [1][12] - The company serves over 5,000 customers across more than 100 countries, focusing on unifying the built environment, including real estate and integrated technology systems [12] Leadership Changes - Richard Leurig has been appointed as President of Accruent, previously serving as Chief Product and Technology Officer for over two years [2][4] - Leurig's leadership is expected to drive company strategy, growth, and product innovation [2][4] - Brooke Huling will take on the role of Chief Product Officer, while Kristi Jurecka will become Chief Technology Officer [3][4] Richard Leurig's Background - Leurig has nearly 30 years of experience in driving customer-focused innovation across various organizations [4] - He played a key role in Accruent's acquisition of RedEye and the launch of Accruent Space Intelligence™ [2][4] Brooke Huling's Background - Huling has over 20 years of experience in product and technical strategy, with a focus on AI-driven technologies [6][7] - She has previously held leadership roles at Dell Technologies and has managed product portfolios generating billions in recurring revenue [7][8] Kristi Jurecka's Background - Jurecka has extensive experience in software and data engineering, focusing on transforming enterprise products into advanced SaaS and PaaS solutions [9][10] - She has held key leadership roles at Blackbaud and Golden Frog, emphasizing cloud transformation and agile methodologies [10][11]

The reported revenue represents a surprise of -0.61% over the Zacks Consensus Estimate of $1.56 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +1.09%. Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: For the quarter ended June 2024, Fortive (FTV) reported revenue of $1.55 billion, up 1.7% over the same period last year. EPS came in at $0.93, compared to $0.85 in the year-ago quarter. Si ...

Fortive (FTV) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.09%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.79 per share when it actually produced earnings of $0.83, delivering a surprise of 5.06%. Over the last four quarters, the co ...

Exhibit 99.1 Fortive Reports Strong Second Quarter 2024 Results Narrows Full Year 2024 Outlook EVERETT, WA, July 24, 2024 - Fortive Corporation ("Fortive") (NYSE: FTV) today announced financial results for the second quarter of 2024. For the second quarter, net earnings were $195 million. For the same period, adjusted net earnings were $329 million. Diluted net earnings per share for the second quarter were $0.55. For the same period, adjusted diluted net earnings per share were $0.93. For the second quarte ...

Core Viewpoint - Fortive Corporation is expected to report strong earnings for the second quarter of 2024, with positive indicators suggesting an earnings beat based on the company's earnings surprise history and current estimates [2][3][4]. Financial Performance - The trailing four-quarter earnings surprise for Fortive averages 3.6%, with shares increasing by 2.1% over the past year, compared to a 7.3% growth in the sub-industry [1]. - Non-GAAP earnings per share (EPS) is forecasted to be between 90-93 cents, with the Zacks Consensus Estimate at 92 cents, reflecting an 8.2% increase from the previous year's quarter [4]. - Total revenues are expected to range from $1.55 billion to $1.575 billion, with the Zacks Consensus Estimate at $1.56 billion, indicating a 2.3% increase from the prior-year quarter [8]. Segment Performance - The Intelligent Operating Solutions segment is anticipated to benefit from steady demand and growth in new software bookings [6]. - The Advanced Healthcare Solutions business is expected to gain from a recovery in the consumables sector and increased uptake of SaaS solutions [7]. - The Precision Technologies segment's revenue is likely driven by momentum in power, food & beverages, and aerospace and defense markets, although normalization in demand for Tektronix and Sensing Technologies may pose challenges [10][11]. Strategic Factors - Frequent product launches and synergies from strategic acquisitions are expected to contribute positively to Fortive's top-line expansion [9]. - The company's focus on improving the Fortive Business System is seen as a tailwind for driving innovation and customer demand across various geographies [5].