Fortive’s Analyst Meeting Review

• The consensus price target for Fortive Corporation (NYSE:FTV) has been decreasing, indicating a conservative outlook from analysts.
• Despite the downward trend in price targets, Fortive's stock has risen by 11.2% since its last earnings report, showing positive investor sentiment.
• Fortive's recent earnings of $0.97 per share beat the Zacks Consensus Estimate, suggesting strong financial performance.

Fortive Corporation (NYSE:FTV) is a leading industrial technology company that offers a diverse range of products, software, and services. It operates through three main segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Fortive markets its offerings under well-known brands like ACCRUENT, FLUKE, GORDIAN, and TEKTRONIX.

The consensus price target for Fortive's stock has been on a downward trend over the past year. A year ago, the average price target was $88.06, which decreased to $84.67 last quarter and further declined to $80 in the past month. This trend indicates a more conservative outlook from analysts regarding Fortive's stock performance.

Despite this, Fortive's stock has shown positive movement, rising by 11.2% since its last earnings report 30 days ago. This suggests a favorable response from investors to the company's financial performance. However, Fortive's stock has also experienced a decline of 7.16% over the past four weeks, indicating some volatility.

Analyst Julian Mitchell from Barclays has set a price target of $72 for Fortive, reflecting a cautious yet optimistic outlook. The stock is currently in oversold territory, suggesting that the heavy selling pressure may have subsided. Additionally, Wall Street analysts are revising their earnings estimates for Fortive upwards, indicating positive sentiment for a potential trend reversal.

Fortive recently reported quarterly earnings of $0.97 per share, surpassing the Zacks Consensus Estimate of $0.93 per share. This performance marks an improvement from the $0.85 per share reported in the same quarter last year. Fortive is set to release its next earnings report soon, with Wall Street anticipating growth in earnings. However, it is suggested that Fortive may not have the optimal combination of factors necessary for an earnings beat in this upcoming report.

• The consensus price target for Fortive Corporation (NYSE:FTV) has been decreasing, indicating a conservative outlook from analysts.
• Despite the downward trend in price targets, Fortive's stock has risen by 11.2% since its last earnings report, showing positive investor sentiment.
• Fortive's recent earnings of $0.97 per share beat the Zacks Consensus Estimate, suggesting strong financial performance.

Fortive Corporation (NYSE:FTV) is a leading industrial technology company that offers a diverse range of products, software, and services. It operates through three main segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Fortive markets its offerings under well-known brands like ACCRUENT, FLUKE, GORDIAN, and TEKTRONIX.

The consensus price target for Fortive's stock has been on a downward trend over the past year. A year ago, the average price target was $88.06, which decreased to $84.67 last quarter and further declined to $80 in the past month. This trend indicates a more conservative outlook from analysts regarding Fortive's stock performance.

Despite this, Fortive's stock has shown positive movement, rising by 11.2% since its last earnings report 30 days ago. This suggests a favorable response from investors to the company's financial performance. However, Fortive's stock has also experienced a decline of 7.16% over the past four weeks, indicating some volatility.

Analyst Julian Mitchell from Barclays has set a price target of $72 for Fortive, reflecting a cautious yet optimistic outlook. The stock is currently in oversold territory, suggesting that the heavy selling pressure may have subsided. Additionally, Wall Street analysts are revising their earnings estimates for Fortive upwards, indicating positive sentiment for a potential trend reversal.

Fortive recently reported quarterly earnings of $0.97 per share, surpassing the Zacks Consensus Estimate of $0.93 per share. This performance marks an improvement from the $0.85 per share reported in the same quarter last year. Fortive is set to release its next earnings report soon, with Wall Street anticipating growth in earnings. However, it is suggested that Fortive may not have the optimal combination of factors necessary for an earnings beat in this upcoming report.

RBC Capital analysts provided their key takeaways from Fortive Corporation (NYSE:FTV) Analyst Meeting, where it reaffirmed Q2/23 and full 2023 year guidance and provided achievable 2028 targets. Notably, the company targets double-digit CAGR for EPS and Free Cash Flow.

Its five core connected workflow strategies (85% of Fortive’s sales) should also benefit from multiple secular trends, including digitization, electrification, automation, and healthcare. M&A strategy was unchanged, with a bias toward bolt-ons.

Overall, the event showcased the company’s deep management bench along with an impressive number of Fortive’s product/services exhibits.

Fortive Corporation (NYSE:FTV) reported its Q4 results last week, with adjusted EPS coming in slightly below consensus estimates (after adjusting for tax), mainly driven by weak sales, which were 5% below the consensus estimate. Sales miss was the biggest surprise of the quarter.

Core growth was up just 1% due to COVID-related challenges. Software-enabled businesses showed double digits growth, and the company managed its margins well despite the environment.

The company provided its outlook for 2022, expecting EPS in the range of $3.00-$3.13, compared to the consensus estimate of $3.10 while anticipating strong organic growth of around 7.5%. Analysts at Berenberg Bank believe that the company is conservative on margins, which have room to expand in the second half of the year.

Fortive Corporation (NYSE:FTV) reported its Q4 results last week, with adjusted EPS coming in slightly below consensus estimates (after adjusting for tax), mainly driven by weak sales, which were 5% below the consensus estimate. Sales miss was the biggest surprise of the quarter.

Core growth was up just 1% due to COVID-related challenges. Software-enabled businesses showed double digits growth, and the company managed its margins well despite the environment.

The company provided its outlook for 2022, expecting EPS in the range of $3.00-$3.13, compared to the consensus estimate of $3.10 while anticipating strong organic growth of around 7.5%. Analysts at Berenberg Bank believe that the company is conservative on margins, which have room to expand in the second half of the year.