Fortrea Reports First Quarter 2024 Results
Fortrea Holdings Inc. (FTRE)
Company Research
Source: GlobeNewswire
For the three months ended March 31, 2024, from continuing operations: Revenues of $662.1 millionGAAP net loss of $81.6 millionAdjusted EBITDA of $29.5 millionGAAP and adjusted diluted earnings (loss) per share of $(0.91) and $(0.04), respectivelyBook-to-bill ratio of 1.11x, resulting in 1.2x book-to-bill for the trailing nine monthsPlanned divestiture of assets relating to the Endpoint Clinical and Patient Access businesses on track DURHAM, N.C., May 13, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today reported financial results for the first quarter ended March 31, 2024. “We are making solid progress toward our goal of being the best choice among clinical research organizations for customers large and small, creating a positive and distinctive experience for customers, investigator sites and employees,” said Tom Pike, chairman and CEO of Fortrea. “The demand for our services is good. Our business opera
Show less
Read more
Impact Snapshot
Event Time:
FTRE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FTRE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FTRE alerts
High impacting Fortrea Holdings Inc. news events
Weekly update
A roundup of the hottest topics
FTRE
News
- Fortrea Holdings Inc. (NASDAQ: FTRE) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $36.00 to $28.00. They now have a "hold" rating on the stock.MarketBeat
- Fortrea Appoints Machelle Sanders to Board of DirectorsGlobeNewswire
- Fortrea Holdings Inc. (NASDAQ: FTRE) was upgraded by analysts at Baird R W from a "hold" rating to a "strong-buy" rating.MarketBeat
- Fortrea Holdings Inc. (NASDAQ: FTRE) had its price target lowered by analysts at Bank of America Co. from $33.00 to $27.00. They now have an "underperform" rating on the stock.MarketBeat
- Fortrea Holdings Inc. (NASDAQ: FTRE) had its price target lowered by analysts at Evercore ISI from $43.00 to $31.00. They now have an "outperform" rating on the stock.MarketBeat
FTRE
Earnings
- 5/13/24 - Miss
FTRE
Sec Filings
- 5/16/24 - Form 8-K
- 5/15/24 - Form NT
- 5/13/24 - Form 8-K
- FTRE's page on the SEC website