* Fortrea Holdings Inc reported quarterly adjusted earnings of 23 cents per share for the quarter , lower than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of eleven analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 18 cents to 31 cents per share.
* Revenue fell 13.1% to $674.90 million from a year ago; analysts expected $674.90 million.
* Fortrea Holdings Inc's reported EPS for the quarter was a loss of 31 cents.
* The company reported a quarterly loss of $27.9 million.
* Fortrea Holdings Inc shares had fallen by 9.7% this quarter and lost 48.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the biotechnology & medical research peer group is also "hold"
Wall Street's median 12-month price target for Fortrea Holdings Inc is 21.00 This summary was machine generated from LSEG data November 8 at 04:14 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.25 0.23 Missed
Jun. 30 2024 0.08 -0.03 Missed
Mar. 31 2024 0.01 -0.04 Missed
Dec. 31 2023 0.24 0.19 Missed
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