Compared to Estimates, Fortive (FTV) Q3 Earnings: A Look at Key Metrics

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]