Preview: Flowserve's Earnings
Portfolio Pulse from Benzinga Insights
Flowserve (NYSE:FLS) is set to announce its quarterly earnings on October 28, 2024. Analysts estimate an EPS of $0.66. Investors are keen on not just an earnings beat but also positive future guidance. Despite a previous EPS beat, the stock dropped 3.26% last quarter. Flowserve's shares have risen 44.12% over the past year, and analysts have a 'Buy' rating with a price target of $59.2, indicating a 12.72% upside. Flowserve's revenue growth is 7.08%, but it faces challenges with low net margin, ROE, and high debt-to-equity ratio.
October 25, 2024 | 3:03 pm
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Flowserve is expected to announce its earnings with an estimated EPS of $0.66. Investors are looking for not just an earnings beat but also positive guidance. Despite a previous EPS beat, the stock dropped 3.26% last quarter. Analysts have a 'Buy' rating with a price target of $59.2, indicating a 12.72% upside.
Flowserve's upcoming earnings announcement is crucial as investors are not only looking for an EPS beat but also positive guidance. The stock's previous reaction to an EPS beat was negative, indicating that guidance might play a more significant role in the stock's short-term movement. The 'Buy' rating and price target suggest potential upside, but the market's reaction will depend heavily on the guidance provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100