We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Curious about Flowserve (FLS) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Flowserve (FLS - Free Report) is expected to reveal quarterly earnings of $0.67 per share, indicating an increase of 34% compared to the year-ago period. Analysts forecast revenues of $1.14 billion, representing an increase of 3.8% year over year.
The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Flowserve metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Sales- FPD' will reach $792.51 million. The estimate indicates a change of +3.4% from the prior-year quarter.
Analysts forecast 'Sales- FCD' to reach $341.97 million. The estimate indicates a year-over-year change of +3.4%.
Based on the collective assessment of analysts, 'Adjusted Operating Income- FCD' should arrive at $51.50 million. The estimate is in contrast to the year-ago figure of $48.76 million.
The average prediction of analysts places 'Adjusted Operating Income- FPD' at $119.28 million. Compared to the present estimate, the company reported $94.34 million in the same quarter last year.
Over the past month, shares of Flowserve have returned +2.7% versus the Zacks S&P 500 composite's +2.7% change. Currently, FLS carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Curious about Flowserve (FLS) Q3 Performance? Explore Wall Street Estimates for Key Metrics
The upcoming report from Flowserve (FLS - Free Report) is expected to reveal quarterly earnings of $0.67 per share, indicating an increase of 34% compared to the year-ago period. Analysts forecast revenues of $1.14 billion, representing an increase of 3.8% year over year.
The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Flowserve metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Sales- FPD' will reach $792.51 million. The estimate indicates a change of +3.4% from the prior-year quarter.
Analysts forecast 'Sales- FCD' to reach $341.97 million. The estimate indicates a year-over-year change of +3.4%.
Based on the collective assessment of analysts, 'Adjusted Operating Income- FCD' should arrive at $51.50 million. The estimate is in contrast to the year-ago figure of $48.76 million.
The average prediction of analysts places 'Adjusted Operating Income- FPD' at $119.28 million. Compared to the present estimate, the company reported $94.34 million in the same quarter last year.
View all Key Company Metrics for Flowserve here>>>
Over the past month, shares of Flowserve have returned +2.7% versus the Zacks S&P 500 composite's +2.7% change. Currently, FLS carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>