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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