Preview: Flowserve's Earnings

Flowserve (NYSE:FLS) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Flowserve will report an earnings per share (EPS) of $0.66.

Flowserve bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

The company's EPS beat by $0.10 in the last quarter, leading to a 3.26% drop in the share price on the following day.

Here's a look at Flowserve's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.63

0.47

0.60

0.43

EPS Actual

0.73

0.58

0.68

0.50

Price Change %

-3.0%

-0.0%

1.0%

4.0%

Flowserve Share Price Analysis

Shares of Flowserve were trading at $52.52 as of October 24. Over the last 52-week period, shares are up 44.12%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Flowserve

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Flowserve.

The consensus rating for Flowserve is Buy, based on 10 analyst ratings. With an average one-year price target of $59.2, there's a potential 12.72% upside.

Peer Ratings Overview

The below comparison ...