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]
Countdown to Fortive (FTV) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS