Fortrea Holdings's Earnings: A Preview

Fortrea Holdings (NASDAQ:FTRE) is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Fortrea Holdings will report an earnings per share (EPS) of $0.26.

The announcement from Fortrea Holdings is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings Track Record

Last quarter the company missed EPS by $0.12, which was followed by a 10.88% increase in the share price the next day.

Here's a look at Fortrea Holdings's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.09

0.01

0.24

0.15

EPS Actual

-0.03

-0.04

0.19

0.24

Price Change %

11.0%

3.0%

4.0%

5.0%

Tracking Fortrea Holdings's Stock Performance

Shares of Fortrea Holdings were trading at $18.09 as of November 06. Over the last 52-week period, shares are down 35.48%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analyst Observations about Fortrea Holdings

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Fortrea Holdings.

Fortrea Holdings has received a total of 11 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $22.91, the consensus suggests a potential 26.64% upside.

Comparing Ratings Among Industry Peers

This comparison focuses on ...