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It has been about a month since the last earnings report for Fortive (FTV) . Shares have added about 11.2% 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 drivers. Fortive Q3 Earnings Beat EstimatesFortive reported thir ...

Fortive Corporation (FTV) reported third-quarter 2024 adjusted earnings per share (EPS) of 97 cents, which topped the Zacks Consensus Estimate by 4.3%. The bottom line increased 14.12% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings CalendarRevenues rose 2.7% year over year to $1.54 billion. However, the top line missed the Zacks Consensus Estimate by 0.8%. Core revenues rose 1% year over year.The year-over-year improvement in the top line was driven by continued momentum in I ...

Core Viewpoint - Fortive reported a revenue of $1.53 billion for the quarter ended September 2024, reflecting a year-over-year increase of 2.7% but a slight miss against the Zacks Consensus Estimate of $1.55 billion [1] Financial Performance - Earnings per share (EPS) for the quarter was $0.97, up from $0.85 in the same quarter last year, representing a surprise of +4.30% against the consensus estimate of $0.93 [1] - Sales in Intelligent Operating Solutions reached $661.20 million, which was below the estimated $680.57 million, marking a +2.6% change year-over-year [3] - Advanced Healthcare Solutions generated sales of $322.50 million, exceeding the estimated $314.27 million, with a +0.9% change compared to the previous year [3] - Precision Technologies reported sales of $550.90 million, slightly below the estimated $552.71 million, reflecting a +3.8% change year-over-year [3] Adjusted Operating Profit - Adjusted Operating Profit (Non-GAAP) for Precision Technologies was $145.30 million, surpassing the average estimate of $141.44 million [3] - Adjusted Operating Profit (Non-GAAP) for Intelligent Operating Solutions was $214.70 million, below the average estimate of $225.54 million [3] - Adjusted Operating Profit (Non-GAAP) for Advanced Healthcare Solutions was $86.10 million, exceeding the average estimate of $80.23 million [3] Operating Profit - Operating Profit for Advanced Healthcare Solutions was $41 million, above the estimated $34.26 million [3] - Operating Profit for Intelligent Operating Solutions was $167.70 million, below the estimated $174.78 million [3] - Operating Profit for Precision Technologies was $122 million, slightly above the estimated $120.29 million [3] - Operating Profit for Other segments was -$35.20 million, worse than the estimated -$28.63 million [3] Stock Performance - Fortive's shares have returned -3.9% over the past month, contrasting with the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Fortive (FTV) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.30%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.92 per share when it actually produced earnings of $0.93, delivering a surprise of 1.09%.Over the last four quarters, the com ...

Financial Performance - Fortive reported Q3 2024 revenue of $1.54 billion, a 3% year-over-year increase, with 1% core revenue growth[2]. - GAAP diluted EPS for Q3 2024 was $0.63, while adjusted diluted EPS was $0.97, reflecting a 14% year-over-year increase[1]. - Operating profit margin was 19%, with an adjusted operating profit margin of 27%, up 90 basis points year-over-year[1]. - For Q4 2024, Fortive anticipates revenue between $1.63 billion and $1.65 billion, with diluted EPS projected at $0.72 to $0.75[3]. - Full-year 2024 revenue is expected to be approximately $6.24 billion to $6.26 billion, with GAAP diluted EPS of $2.47 to $2.50[4]. - Strong performance in recurring revenue growth was noted in Intelligent Operating Solutions and Advanced Healthcare Solutions[3]. - Total sales for the third quarter ended September 29, 2023, were $1,534.6 million, a 2.4% increase from $1,494.5 million in the same period last year[17]. - Intelligent Operating Solutions segment reported sales of $661.2 million, up 2.7% from $644.3 million year-over-year[17]. - Advanced Healthcare Solutions segment achieved sales of $322.5 million, representing an 8.3% increase compared to $297.7 million in the prior year[17]. - Operating profit for the total company was $295.5 million, slightly up from $291.1 million in the previous year, resulting in an operating margin of 19.3%[17]. - Adjusted net earnings for the three months ended September 27, 2024, were $341.6 million, compared to $301.6 million for the same period in 2023[43]. - The operating profit margin (GAAP) for the nine months ended September 27, 2024, was 19.5%, compared to 18.4% for the same period in 2023[41]. Cash Flow and Investments - Fortive reported operating cash flow of $459 million and free cash flow of $431 million for Q3 2024, both up 12% year-over-year[1]. - Cash flows from operating activities for the nine months ended September 27, 2024, totaled $1,024.6 million, an increase from $906.8 million in the prior year[20]. - Free Cash Flow (Non-GAAP) for the three months ended September 27, 2024, was $431.2 million, reflecting a 12.4% increase from $383.5 million in the prior year[46]. - Free Cash Flow (Non-GAAP) for the nine months ended September 27, 2024, was $941.2 million, a 13.0% increase from $833.1 million in the prior year[46]. - The company reported a net cash used in investing activities of $1,799.8 million, significantly higher than $124.2 million in the previous year, primarily due to cash paid for acquisitions[20]. Future Outlook - Fortive expects double-digit growth in both earnings and cash flow for 2024, driven by stabilizing demand trends[5]. - The company plans to separate into two independent publicly traded companies by Q4 2025, focusing on distinct market segments[6]. - The company expects to execute a discrete restructuring plan related to the Separation beginning in the fourth quarter of 2024[33]. - Forecasted Adjusted Diluted Net Earnings Per Share (Non-GAAP) for the twelve months ending December 31, 2024, is projected to be between $3.84 and $3.87[47]. - Anticipated pretax amortization of acquisition-related intangible assets is estimated at $1.29 for the twelve months ending December 31, 2024[47]. - Anticipated pretax acquisition and divestiture-related items are expected to be $0.18 for the twelve months ending December 31, 2024[47]. - The company expects a pretax gain from the sale of property and charitable contribution expense to be $(0.12) for the twelve months ending December 31, 2024[47]. - The tax effect of the adjustments reflected above is anticipated to be $(0.22) for the twelve months ending December 31, 2024[47]. - The company anticipates pretax discrete restructuring charges of $0.06 for the twelve months ending December 31, 2024[47]. Assets and Equity - Total assets as of September 27, 2024, were $17,453.6 million, up from $16,911.8 million at the end of December 31, 2023[19]. - Goodwill increased to $10,322.3 million as of September 27, 2024, compared to $9,121.7 million at the end of December 31, 2023[19]. - Total stockholders' equity increased to $10,561.5 million as of September 27, 2024, compared to $10,325.3 million at the end of December 31, 2023[19]. Impairments and Charges - The company recognized $2.9 million related to impairment charges during the nine-month period ended September 29, 2023[25]. - The company recorded a gain on the sale of property of $63.1 million during the nine-month period ended September 27, 2024[30]. Capital Expenditures - Capital expenditures (GAAP) for the three months ended September 27, 2024, were $(27.8) million, slightly down from $(27.9) million in the same period last year[46].

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 ...