Fortrea Holdings Inc

FTRE: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Fortrea Earnings: Near-Term Issues Related to Spinoff Year; Shares Undervalued for Long-Term Investors

Rachel Elfman

May 14, 2024

Narrow-moat Fortrea faced issues in its first quarter due to challenges associated with its 2023 spinoff. As a result, management revised its 2024 outlook by making an 11% reduction at the midpoint to its previously issued revenue forecast. Management also lowered its adjusted EBITDA guidance by 17% at the midpoint.

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Fortrea Holdings Inc

Fortrea Earnings: Near-Term Issues Related to Spinoff Year; Shares Undervalued for Long-Term Investors

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