Fortive Q4 adjusted EPS beats estimates

Reuters02-04 20:38
Fortive Q4 adjusted EPS beats estimates

Overview

  • Technology firm's Q4 revenue grew 4.6% yr/yr

  • Adjusted EPS for Q4 beat analyst expectations

  • Company executed $265 mln share repurchases in Q4

Outlook

  • Fortive anticipates FY 2026 adjusted EPS of $2.90 to $3.00

Result Drivers

  • CORE REVENUE GROWTH - Fortive reported Q4 core revenue growth of 3.3%, attributed to solid execution of its strategy

  • CAPITAL ALLOCATION - Fortive executed $265 mln in share repurchases in Q4 as part of its disciplined capital allocation strategy

  • ADJUSTED EPS GROWTH - Fortive's adjusted EPS grew 12.5% yr/yr, exceeding analyst expectations

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Beat

$0.90

$0.84 (16 Analysts)

Q4 EPS

$0.60

Q4 Net Income

$192 mln

Q4 Core Revenue Growth

3.30%

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 15 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

  • Wall Street's median 12-month price target for Fortive Corp is $57.00, about 4.9% above its February 3 closing price of $54.35

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw8MGwbca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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