Fortive Corporation’s Q1 Earnings: Expectations and Market Performance

Fortive Corporation (FTV), with a market cap of $21.3 billion, operates as a diversified industrial growth company globally. It has three primary segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The company provides advanced instrumentation, critical workflow solutions, and precision technologies to sectors like healthcare, manufacturing, energy, and aerospace. Based in Everett, Washington, Fortive is set to announce its fiscal Q1 2025 earnings before markets open on Thursday, May 1.

Projected Earnings and Growth

In anticipation of the upcoming earnings report, analysts expect Fortive to post a profit of $0.85 per share, reflecting a 2.4% increase from $0.83 per share in the same quarter last year. The company has consistently surpassed Wall Street expectations by exceeding bottom-line estimates in the last four quarters. Notably, in Q4 2024, FTV exceeded consensus EPS estimates by 4.5%.

For the full fiscal year 2025, analysts predict that the industrial conglomerate will report an EPS of $4.04, marking a 3.9% increase from $3.89 in fiscal 2024. Further projections suggest that EPS will rise by 8.9% year-over-year to $4.40 in fiscal 2026.

Market Performance Overview

Over the past year, Fortive’s share price has declined by 28.1%, underperforming the S&P 500 Index’s ($SPX) nearly 5% dip and the Industrial Select Sector SPDR Fund’s (XLI) 7.6% decrease during the same timeframe.

Q4 Earnings Results and Guidance Impact

Despite reporting a strong Q4 2024 adjusted EPS of $1.17, Fortive’s shares fell slightly on February 7. The market reacted negatively due to the company’s weak guidance for 2025. Fortive projected an adjusted EPS of between $4.00 and $4.12 and revenue expectations ranging from $6.2 billion to $6.4 billion, which fell short of analyst consensus estimates. Additionally, the projected Q1 2025 EPS of $0.83 to $0.86 was below expectations, creating concerns due to anticipated weaker demand for its products and the early spinoff of the Precision Technologies segment contributing to investor apprehension.

Analysts’ Outlook on Fortive Stock

The consensus outlook for Fortive stock is cautiously optimistic, reflected in a “Moderate Buy” rating. Of the 17 analysts covering the stock, nine recommend a “Strong Buy,” one suggests a “Moderate Buy,” while seven opt for a “Hold.” Currently, FTV trades below the average analyst price target of $88.38.

On the date of publication, Sohini Mondal did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are intended solely for informational purposes. For more details, please view the Barchart Disclosure Policy
here.

More news from Barchart

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.