NYSE$FTRE

Fortrea Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Headline financials

Total Revenue

$152M

Previous: $779M-80.4%
EPS (adj)

$0.14

Previous: $0.37-61.8%
Net Income

-$11.6M

Previous: $32.5M-135.7%
Operating Income

$19.7M

Previous: $42.3M-53.4%
Gross Profit

$125M

Previous: $117M+6.1%
Cash & Equivalents

$118M

No prior period
Stock-Based Comp

$6.7M

No prior period

Revenue & EPS history

Fortrea · Revenue · Quarterly

$152M

Q1 2023-80.4%vs Q1 2022
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

8 / 15 earnings

Positive

+26.0%

Q3 2024

Best reaction

-25.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+18.5%+25.9%+40.5%
Q4 2025+4.9%+1.4%-12.3%
Q3 2025+23.4%+15.3%+46.8%
Q1 2025-15.6%-27.8%-11.7%
Q4 2024-25.1%-22.9%-45.8%
Q3 2024+26.0%+17.9%+20.1%
Q2 2024-11.7%-11.4%-18.4%
Q1 2023-1.9%-3.9%-9.9%
Q1 2024-12.7%-16.6%-24.8%
Q4 2021+3.0%+4.9%+2.7%
Q4 2023+3.2%+6.7%+6.0%
Q3 2022+15.1%-6.6%-4.0%
Q3 2023+15.1%+13.0%+14.1%
Q2 2022-11.3%+6.7%+9.5%
Q2 2023-11.3%-14.9%-5.9%
Q1 2022

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