Fortinet (FTNT) Earnings Date, Estimates & Call Transcripts

$75.73

+1.05 (+1.41%)

(As of 12:13 PM ET)

Upcoming Earnings Date: Nov. 7Estimated
Actual EPS (Aug. 6): $0.57 Beat By $0.16
Consensus EPS (Aug. 6): $0.41

FTNT Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

FTNT Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

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Fortinet Analyst EPS Estimates

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate	Company Guidance
Q1 2024	5	$0.25	$0.31	$0.29	0.370 - 0.390
Q2 2024	5	$0.30	$0.32	$0.31	0.390 - 0.410
Q3 2024	4	$0.39	$0.44	$0.42	0.560 - 0.580
Q4 2024	4	$0.42	$0.49	$0.44
FY 2024	18	$1.36	$1.56	$1.46
Q1 2025	3	$0.35	$0.43	$0.39
Q2 2025	3	$0.33	$0.38	$0.36
Q3 2025	3	$0.42	$0.51	$0.47
Q4 2025	3	$0.45	$0.47	$0.46
FY 2025	12	$1.55	$1.79	$1.68
Q1 2026	1	$0.40	$0.40	$0.40

FTNT Earnings Date and Information

Fortinet last issued its earnings results on August 6th, 2024. The software maker reported $0.57 EPS for the quarter, beating the consensus estimate of $0.41 by $0.16. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Its revenue for the quarter was up 10.9% on a year-over-year basis. Fortinet has generated $1.53 earnings per share over the last year ($1.53 diluted earnings per share) and currently has a price-to-earnings ratio of 48.8. Earnings for Fortinet are expected to grow by 6.47% in the coming year, from $1.70 to $1.81 per share. Fortinet has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, November 7th, 2024 based off prior year's report dates.

Fortinet Earnings History by Quarter

Time Frame

Start Date

End Date

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Date	Quarter	Consensus Estimate	Reported EPS	Beat/Miss	GAAP EPS	Revenue Estimate	Actual Revenue
11/7/2024 (Estimated)	-	-	-	-	-	-	-
8/6/2024	Q2 2024	$0.41	$0.57	+$0.16	$0.51	$1.40 billion	$1.43 billion
5/2/2024	Q1 2024	$0.3830	$0.43	+$0.0470	$0.39	$1.34 billion	$1.35 billion
2/5/2024	Q4 2023	$0.43	$0.51	+$0.08	$0.44	$1.41 billion	$1.42 billion
11/2/2023	Q3 2023	$0.30	$0.35	+$0.05	$0.29	$1.35 billion	$1.33 billion
8/3/2023	Q2 2023	$0.3410	$0.38	+$0.0390	$0.29	$1.30 billion	$1.29 billion
5/4/2023	Q1 2023	$0.29	$0.34	+$0.05	$0.27	$1.20 billion	$1.26 billion
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2/7/2023	Q4 2022	$0.39	$0.44	+$0.05	$0.36	$1.30 billion	$1.28 billion
11/2/2022	Q3 2022	$0.20	$0.28	+$0.08	$0.27	$1.12 billion	$1.15 billion
8/3/2022	Q2 2022	$0.15	$0.18	+$0.03	$0.15	$1.03 billion	$1.03 billion
5/4/2022	Q1 2022	$0.10	$0.1680	+$0.0680	$0.84	$886.45 million	$954.80 million
2/3/2022	Q4 2021	$0.1680	$0.1940	+$0.0260	$0.75	$962.75 million	$963.60 million
11/4/2021	Q3 2021	$0.1880	$0.1980	+$0.01	$0.49	$812.21 million	$867.20 million
7/29/2021	Q2 2021	$0.1760	$0.19	+$0.0140	$0.62	$741.76 million	$801.10 million
4/29/2021	Q1 2021	$0.0960	$0.1620	+$0.0660	$0.50	$678.91 million	$710.30 million
2/4/2021	Q4 2020	$0.1420	$0.2120	+$0.07	$0.77	$722.37 million	$748.00 million
10/29/2020	Q3 2020	$0.1560	$0.1760	+$0.02	$0.41	$639.62 million	$651.10 million
8/6/2020	Q2 2020	$0.13	$0.1640	+$0.0340	$0.48	$599.20 million	$615.50 million
5/6/2020	Q1 2020	$0.10	$0.12	+$0.02	$0.18	$554.22 million	$576.90 million
2/6/2020	Q4 2019	$0.14	$0.1520	+$0.0120	$0.68	$602.89 million	$614.40 million
10/31/2019	Q3 2019	$0.1120	$0.1340	+$0.0220	$0.52	$533.55 million	$547.50 million

Fortinet Earnings - Frequently Asked Questions

When is Fortinet's earnings date?: Fortinet has not confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, November 7th, 2024 based off last year's report dates. Learn more on FTNT's earnings history.
What guidance has Fortinet issued on next quarter's earnings?: Fortinet updated its third quarter 2024 earnings guidance on Tuesday, August, 6th. The company provided EPS guidance of 0.560-0.580 for the period, compared to the consensus EPS estimate of 0.430. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.
Did Fortinet beat their earnings estimates last quarter?: In the previous quarter, Fortinet (NASDAQ:FTNT) reported $0.57 earnings per share (EPS) to beat the analysts' consensus estimate of $0.41 by $0.16. Learn more on analysts' earnings estimate vs. FTNT's actual earnings.
How can I listen to Fortinet's earnings conference call?: The conference call for Fortinet's latest earnings report can be listened to online. Listen to Conference Call
How can I read Fortinet's conference call transcript?: The conference call transcript for Fortinet's latest earnings report can be read online. Read Transcript
How much revenue does Fortinet generate each year?: Fortinet (NASDAQ:FTNT) has a recorded annual revenue of $5.54 billion.
How much profit does Fortinet generate each year?: Fortinet (NASDAQ:FTNT) has a recorded net income of $1.15 billion. FTNT has generated $1.53 earnings per share over the last four quarters.
What is Fortinet's price-to-earnings ratio?: Fortinet (NASDAQ:FTNT) has a trailing price-to-earnings ratio of 48.81 and a forward price-to-earnings ratio of 43.93. The price/earnings-to-growth ratio is 2.77.
What is Fortinet's EPS forecast for next year?: Fortinet's earnings are expected to grow from $1.70 per share to $1.81 per share in the next year, which is a 6.47% increase.