Earnings Outlook For Flowserve
Portfolio Pulse from Benzinga Insights
Flowserve (NYSE:FLS) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $0.40. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $37.21, up 12.28% over the last 52-week period.
July 31, 2023 | 6:02 pm
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Flowserve's upcoming earnings report could potentially impact its stock price. The company has a history of beating EPS estimates, which has often led to a rise in its share price. The stock is currently up 12.28% over the last 52-week period.
Flowserve's stock price has often increased following the release of its earnings reports, particularly when the company beats EPS estimates. Given that analysts are predicting an EPS of $0.40 for the upcoming report, a beat could potentially lead to another increase in the stock price. Additionally, the stock has been performing well over the past year, which could further boost investor confidence.
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