NYSE$FTRE

Fortrea Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

8-K preview — no full financials in cached doc

Form 8-K discloses Q4 2023 book-to-bill ratio exceeded 1.2x and J.P. Morgan Healthcare Conference business preview via Exhibit 99.1, but the exhibit press release is not in the cached filing text. No revenue, net income, or EPS reported in the available document.

  • Book-to-bill exceeded 1.2x in Q4 2023 per Item 2.02
  • Exhibit 99.1 press release not included in cached text
  • No income statement data extractable

Headline financials

Total Revenue

$168M

No prior period
EPS (adj)

$0.69

No prior period
Net Income

$60.6M

No prior period
Operating Income

$68.9M

No prior period
Gross Profit

$168M

No prior period
Stock-Based Comp

$6.4M

No prior period

Revenue & EPS history

Fortrea · Revenue · Quarterly

$168M

Q3 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 Q3 2022

Historical avgQ3 2022

+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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