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].

Core Viewpoint - Analysts forecast Fortive (FTV) will report quarterly earnings of $0.92 per share, reflecting an 8.2% year-over-year increase, with revenues expected to reach $1.56 billion, a 2.3% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been adjusted downward by 0.8% over the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts project 'Sales- Intelligent Operating Solutions' to reach $677.99 million, indicating a year-over-year change of +3.8% [5] - 'Sales- Precision Technologies' is forecasted to reach $564.12 million, reflecting a +5% change from the prior-year quarter [6] - 'Sales- Advanced Healthcare Solutions' is estimated to be $319.76 million, showing a -4.8% change from the year-ago quarter [8] Adjusted Operating Profit Estimates - The estimated 'Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions' is $80.26 million, up from $75.50 million a year ago [7] - 'Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions' is expected to be $225.88 million, compared to $215.40 million in the previous year [9] - The consensus for 'Adjusted Operating Profit (Non-GAAP)- Precision Technologies' stands at $144.41 million, an increase from $138.30 million reported in the same quarter last year [10] Stock Performance - Fortive shares have increased by +2.7% over the past month, outperforming the +0.4% move of the Zacks S&P 500 composite, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [11]

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.56 billion, up 2.3% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.78% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed ...

This industrial conglomerate has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.22%. If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Fortive (FTV) . This company, which is in the Zacks Electronics - Testing Equipment industry, shows potential for ...

Fortive (FTV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pic ...