$18.43
4.80% today
NYSE, Dec 30, 10:07 pm CET
ISIN
US34965K1079
Symbol
FTRE

Fortrea Target price 2024 - Analyst rating & recommendation

Fortrea Classifications & Recommendation:

Buy
15%
Hold
77%
Sell
8%

Fortrea Price Target

Target Price $22.90
Price $19.36
Potential
Number of Estimates 10
10 Analysts have issued a price target Fortrea 2025 . The average Fortrea target price is $22.90. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 13 analysts: 2 Analysts recommend Fortrea to buy, 10 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Fortrea stock has an average upside potential 2025 of . Most analysts recommend the Fortrea stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 3.11 2.70
0.42% 13.05%
EBITDA Margin 5.91% 8.17%
53.52% 38.20%
Net Margin -0.12% -9.55%
101.83% 8,175.07%

10 Analysts have issued a sales forecast Fortrea 2024 . The average Fortrea sales estimate is

$2.7b
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. This is
2.58% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.7b 2.24%
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, the lowest is
$2.7b 2.71%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $3.1b 0.42%
2024
$2.7b 13.05%
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2025
$2.7b 1.07%
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2026
$2.9b 4.70%
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2027
$3.0b 4.19%
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2028
$3.3b 9.15%
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10 Analysts have issued an Fortrea EBITDA forecast 2024. The average Fortrea EBITDA estimate is

$221m
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. This is
14,623.57% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$225m 14,880.00%
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, the lowest is
$216m 14,322.33%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $184m 53.33%
2024
$221m 20.16%
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2025
$281m 27.25%
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2026
$332m 18.06%
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2027
$381m 14.89%
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2028
$518m 35.88%
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EBITDA Margin

2023 5.91% 53.52%
2024
8.17% 38.20%
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2025
10.29% 25.95%
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2026
11.60% 12.73%
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2027
12.79% 10.26%
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2028
15.92% 24.47%
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3 Fortrea Analysts have issued a net profit forecast 2024. The average Fortrea net profit estimate is

$-258m
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. This is
8.39% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-235m 16.56%
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, the lowest is
$-274m 2.86%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-3.6m 101.83%
2024
$-258m 7,091.75%
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2025
$10.1m 103.91%
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2026
$53.2m 427.45%
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2027
$131m 146.07%
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2028
$211m 60.97%
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Net Margin

2023 -0.12% 101.83%
2024
-9.55% 8,175.07%
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2025
0.37% 103.87%
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2026
1.86% 402.70%
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2027
4.39% 136.02%
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2028
6.48% 47.61%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -0.04 -2.88
101.83% 7,100.00%
P/E negative
EV/Sales 1.05

3 Analysts have issued a Fortrea forecast for earnings per share. The average Fortrea <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-2.88
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. This is
8.28% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-2.62 16.56%
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, the lowest is
$-3.05 2.87%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-0.04 101.83%
2024
$-2.88 7,100.00%
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2025
$0.11 103.82%
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2026
$0.59 436.36%
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2027
$1.46 147.46%
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2028
$2.35 60.96%
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P/E ratio

Current
2024
-6.73 9.08%
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2025
172.09 2,657.06%
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2026
32.63 81.04%
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2027
13.26 59.36%
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2028
8.24 37.86%
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Based on analysts' sales estimates for 2024, the Fortrea stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.02
2024
1.05 2.82%
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2025
1.04 1.06%
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2026
0.99 4.49%
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2027
0.95 4.02%
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2028
0.87 8.38%
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P/S ratio

Current
2024
0.64 2.65%
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2025
0.64 1.06%
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2026
0.61 4.48%
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2027
0.58 4.02%
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2028
0.53 8.39%
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