William Blair Predicts Fortrea’s Q3 Earnings (NASDAQ:FTRE)

Fortrea Holdings Inc. (NASDAQ:FTRE) – Equities researchers at William Blair issued their Q3 2025 earnings per share (EPS) estimates for shares of Fortrea in a research note issued to investors on Wednesday, November 5th. William Blair analyst M. Smock anticipates that the company will earn $0.14 per share for the quarter. The consensus estimate for Fortrea’s current full-year earnings is $0.51 per share. William Blair also issued estimates for Fortrea’s Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.51 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.86 EPS.

A number of other brokerages also recently weighed in on FTRE. Zacks Research downgraded shares of Fortrea from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen lowered shares of Fortrea from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Jefferies Financial Group lifted their price target on shares of Fortrea from $7.00 to $9.50 and gave the stock a “hold” rating in a research report on Tuesday, September 9th. Baird R W upgraded shares of Fortrea from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. Finally, Robert W. Baird lifted their target price on Fortrea from $9.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.94.

Fortrea Price Performance

Shares of FTRE opened at $11.02 on Friday. The stock has a market cap of $1.00 billion, a P/E ratio of -0.98, a price-to-earnings-growth ratio of 0.56 and a beta of 1.86. Fortrea has a 1 year low of $3.97 and a 1 year high of $25.28. The stock’s 50-day moving average price is $10.03 and its two-hundred day moving average price is $7.26. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 1.81.

Fortrea (NASDAQ:FTRE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $701.30 million for the quarter, compared to analyst estimates of $643.43 million. Fortrea had a positive return on equity of 5.64% and a negative net margin of 36.77%. Fortrea has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Fortrea by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 9,953,261 shares of the company’s stock valued at $75,147,000 after buying an additional 69,005 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Fortrea by 494.8% in the second quarter. AQR Capital Management LLC now owns 6,515,124 shares of the company’s stock valued at $31,729,000 after acquiring an additional 5,419,842 shares during the last quarter. Corvex Management LP increased its position in shares of Fortrea by 28.6% in the first quarter. Corvex Management LP now owns 4,474,898 shares of the company’s stock valued at $33,785,000 after acquiring an additional 994,000 shares during the last quarter. Millennium Management LLC raised its holdings in Fortrea by 1,625.8% during the first quarter. Millennium Management LLC now owns 3,499,220 shares of the company’s stock worth $26,419,000 after acquiring an additional 3,296,461 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Fortrea by 37.2% during the second quarter. Geode Capital Management LLC now owns 2,171,450 shares of the company’s stock valued at $10,728,000 after purchasing an additional 589,145 shares during the last quarter.

Insiders Place Their Bets

In other Fortrea news, CFO Jill G. Mcconnell sold 4,886 shares of Fortrea stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $8.01, for a total value of $39,136.86. Following the sale, the chief financial officer owned 54,770 shares of the company’s stock, valued at $438,707.70. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Erin L. Russell purchased 9,854 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was purchased at an average price of $10.15 per share, for a total transaction of $100,018.10. Following the completion of the acquisition, the director owned 9,854 shares of the company’s stock, valued at approximately $100,018.10. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 10,311 shares of company stock worth $94,635. Corporate insiders own 0.38% of the company’s stock.

About Fortrea

Fortrea Holdings Inc, a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum.