Fortrea Holdings Inc. (FTRE)
Summary
FTRE or ARGX: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Medical - Biomedical and Genetics sector have probably already heard of Fortrea Holdings Inc. (FTRE) and argenex SE (ARGX). But which of these two stocks offers value investors a better bang for their buck right now?
Fortrea Holdings Inc. (FTRE) Beats Q1 Earnings Estimates
Fortrea Holdings Inc. (FTRE) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago.
Fortrea Holdings Inc. (FTRE) Reports Next Week: Wall Street Expects Earnings Growth
Fortrea Holdings Inc. (FTRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fortrea Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 4,672 | $49,222.48 | $82,320.64 | $33,098.16 | 67.24% |
| CE Curtis Ellergodt Rothschild Investment LLC | 155 | $2,717.99 | $2,731.1 | $13.11 | 0.48% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 495 | $3,789.3 | $8,777.88 | $4,988.58 | 131.65% |
 Charles Brandes Brandes Investment Partners | 307,267 | $3.71M | $5.41M | $1.7M | 45.87% |
| BG Bart Gancher Intech Investment Management LLC | 43,048 | $266,244.36 | $763,236.74 | $496,992.38 | 186.67% |
Fortrea Holdings Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Patrick Donnelly Citigroup | 329.98 | $5,161.03 | $5,909.92 | $748.89 | 14.51% |
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Fortrea Holdings Inc. Profile
| Biotechnology Industry | Healthcare Sector | Anshul Thakral CEO | NASDAQ (NGS) Exchange | 34965K107 CUSIP |
| US Country | 14,300 Employees | - Last Dividend | - Last Split | 3 Jul 2023 IPO Date |
Overview
Fortrea Holdings Inc. is a distinguished contract research organization that has carved a niche for itself in the provision of comprehensive development services for biopharmaceutical products and medical devices on a global scale. Established in 2023 and based in Durham, North Carolina, Fortrea Holdings Inc. distinguishes itself through its specialized operation in two core segments: Clinical Services and Enabling Services. This structured approach allows the company to cater to a wide array of needs within the biopharmaceutical and medical device development space, offering its services to pharmaceutical, biotechnology, and medical device organizations. Through its inception, Fortrea Holdings Inc. has been dedicated to advancing the field of clinical development by leveraging its expertise and innovative technologies to simplify and optimize processes for its clients worldwide.
Products and Services
- Clinical Services:
- Enabling Services:
- Delivery Models:
- Technology Enabled Trial Solutions:
- Post-Approval Services and Consulting:
Fortrea's Clinical Services segment offers comprehensive support across the clinical pharmacology and clinical development spectrum. This includes a full range of services from early phase clinical development strategies to phase I-IV clinical trial management. By focusing on efficient and effective clinical trial execution, Fortrea ensures that its clients can advance through the development pipeline with confidence and precision.
The Enabling Services segment is designed to streamline the clinical trial process through patient access and clinical trial technology solutions. This includes sophisticated tools for complex randomization and optimized trial drug supply processes, making clinical trials more efficient and effective. Through these services, Fortrea aims to reduce the logistical hurdles associated with clinical trials, thereby speeding up the development timeline and reducing costs for its clients.
Understanding the varied needs of its clients, Fortrea offers multiple delivery models including full-service, functional service provider (FSP), and hybrid structures. This flexibility allows clients to choose the model that best fits their project requirements, resources, and goals, ensuring a tailored approach to clinical trial management and development services.
Fortrea is at the forefront of integrating technology into the clinical trial process. The company provides differentiated technology-enabled solutions that facilitate every phase of clinical trials, from planning and recruitment to data collection and analysis. These innovative solutions enable higher efficiency, accuracy, and accessibility for clinical trials, propelling the industry forward and setting new standards for trial management.
Even after approval, Fortrea supports its clients with a suite of post-approval services and consulting expertise. This ensures that transitioning from development to market is as smooth and efficient as possible, offering continued support in terms of market analysis, regulatory compliance, and post-marketing studies. Furthermore, Fortrea's consulting services provide valuable insights and strategies for overcoming the unique challenges faced by biopharmaceutical and medical device companies.
