Fortive (FTV) Reports Earnings Tomorrow: What To Expect

Fortive (FTV) Reports Earnings Tomorrow: What To Expect

will be reporting earnings tomorrow before the bell. Here's what you need to know.

Fortive met analysts' revenue expectations last quarter, reporting revenues of $1.52 billion, up 4.4% year on year. It was an ok quarter for the company, with a solid beat of analysts' organic revenue estimates but full-year revenue guidance missing analysts' expectations.

Is Fortive a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Fortive's revenue to grow 2.6% year on year to $1.57 billion, slowing from the 4.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 per share.

Fortive Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fortive has missed Wall Street's revenue estimates twice over the last two years.

Looking at Fortive's peers in the industrial machinery segment, only Worthington has reported results so far. It missed analysts' revenue estimates by 9.6%, posting year-on-year sales declines of 13.6%. The stock was down 3.4% on the results.

Read our full analysis of Worthington's earnings results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 6.5% on average over the last month. Fortive is up 3.2% during the same time and is heading into earnings with an average analyst price target of $89.2 (compared to the current share price of $76.62).

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