Fortive Sees FY24 Adj. EPS $3.77-$3.86 Vs $4.17 Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortive has projected its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $3.77 to $3.86, which is below the analyst estimate of $4.17.
April 24, 2024 | 11:36 am
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NEGATIVE IMPACT
Fortive's projected adjusted EPS for FY24 falls short of analyst expectations, indicating potential challenges ahead.
Fortive's lower than expected EPS guidance for FY24 suggests the company may face operational or market challenges that could impact its financial performance. This news is likely to negatively influence investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100