Latest Earnings Results: Q3 '26
Estimated EPS
$0.22
Reported EPS
$0.28
Surprise
+28.95%
Estimated Rev
$671.57M
Reported Rev
$691.5M
Surprise
+2.97%
• Reported GAAP EPS of $0.28 up 133.33% YoY • Reported revenue of $691.5M down -1.40% YoY • Fortrea raised midpoints and narrowed ranges for full-year 2026 guidance, expecting revenue of $2.67B to $2.69B and adjusted EBITDA of $210M to $218M.
Bullish Takeaway
Fortrea reported 1.12x book-to-bill for Q3 2026 and trailing 12 months, cited targeted early clinical and technology investments, reported higher adjusted earnings than Q3 2025, and raised full-year guidance midpoints.
Bearish Takeaway
Fortrea's revenue was below Q3 2025, backlog was reduced by $558M after contract review, and Fortrea cautioned backlog and net new business may not indicate or deliver anticipated future revenues.
Generated by Stocktwits using AI and company-reported earnings data for Q3 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
Q4 '26 | $0.21 | -- | -- | N/A |
Q3 '26 | $0.22 | $0.28 | 28.95% | BEAT |
Q2 '26 | $0.18 | $0.23 | 27.41% | BEAT |
Q1 '26 | $0.05 | $0.16 | 224.93% | BEAT |
Q4 '25 | $0.17 | $0.09 | -46.79% | MISSED |