Earnings Preview: Fortive (FTV) Q2 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in Fortive's earnings due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Fortive is expected to report quarterly earnings of $0.60 per share, reflecting a year-over-year decrease of 35.5% [3]. - Revenue projections stand at $1.01 billion, down 35.1% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 33.75% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Fortive currently holds a Zacks Rank of 5, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Fortive met the expected earnings of $0.85 per share, resulting in no surprise [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Fortive does not appear to be a strong candidate for an earnings beat, and investors should consider other factors before making decisions [17].