Fortive Posts Q4 EPS Beat, Sales Miss: Analysts Expect China To Remain A Headwind

Group 1 - Fortive Corp's shares rose by 1.85% to $80.55 despite disappointing fourth-quarter revenues [4] - Adjusted cash earnings were reported at $1.17 per share, exceeding RBC's estimates by 6 cents, with core earnings growing by 1.8% year-on-year [1] - Sales for the fourth quarter were $1.62 billion, slightly missing the consensus estimate of $1.629 billion [3] Group 2 - Management guided for first-quarter adjusted earnings of 83 to 86 cents per share, below the consensus of 91 cents [3] - The company expects revenues of $1.48 billion to $1.51 billion, missing the consensus of $1.565 billion [4] - Fiscal year 2025 guidance includes adjusted EPS expected to be between $4.00 and $4.12, with a midpoint of $4.06, below the consensus of $4.13 [4] Group 3 - The spinoff of Precision Technologies is anticipated to be completed early in the third quarter, ahead of the previously planned fourth quarter [2] - Analysts from RBC Capital Markets and Truist Securities have provided differing ratings and price targets, with RBC raising its target from $77 to $80 and Truist maintaining a Buy rating with a target of $90 [5]