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Everett, Washington-based Fortive Corporation (FTV) develops, manufactures, and services engineered products, software, and workflow technologies to support safety, productivity, and health across a wide range of industries. Valued at a market cap of $16.9 billion, the company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Wednesday, Oct. 29.
Before this event, analysts expect this tech company to report a profit of $0.58 per share, down 40.2% from $0.97 per share in the year-ago quarter. The company has met or exceeded Wall Street’s bottom-line estimates in three of the last four quarters, while missing on another occasion. Its earnings of $0.58 per share in the previous quarter missed the consensus estimates by 3.3%.
For the current fiscal year, ending in December, analysts expect FTV to report a profit of $2.51 per share, down 35.5% from $3.89 per share in fiscal 2024. Nonetheless, its EPS is expected to rebound in fiscal 2026 and grow by 9.6% year-over-year to $2.75.
Shares of FTV have declined 34.8% over the past 52 weeks, significantly underperforming both the S&P 500 Index's ($SPX) 17.4% return and the Technology Select Sector SPDR Fund’s (XLK) 27.5% uptick over the same time frame.
On Jul. 30, shares of Fortive fell 2.5% after its mixed Q2 earnings release. While the company’s revenue declined marginally year-over-year to $1 billion, it topped the consensus estimates by 1%. However, its adjusted EPS of $0.58 increased 3.6% from the year-ago quarter, but missed the analyst estimates by 3.3%, making investors jittery. Adding to the quarter’s highlights, Fortive successfully completed the spin-off of Ralliant, marking a strategic step in its ongoing portfolio optimization efforts.
Wall Street analysts are moderately optimistic about FTV’s stock, with a "Moderate Buy" rating overall. Among 19 analysts covering the stock, four recommend "Strong Buy," one indicates a "Moderate Buy," and 14 suggest "Hold.” The mean price target for FTV is $56.50, implying a 13.4% potential upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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