Flowserve Q4 2023 Adj EPS $0.68 Beats $0.60 Estimate, Sales $1.17B Beat $1.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Flowserve (NYSE:FLS) reported Q4 2023 adjusted EPS of $0.68, surpassing the $0.60 estimate, with sales of $1.17B exceeding the $1.14B estimate. This represents a 12.13% increase in sales compared to the same period last year.
February 20, 2024 | 9:04 pm
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POSITIVE IMPACT
Flowserve's Q4 2023 earnings and sales exceeded analyst expectations, with a significant year-over-year sales increase.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year sales growth further underscores the company's strong performance and may attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100