Here's How Fortive (FTV) Is Placed Ahead of Q2 Earnings

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].