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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100