Flowserve's Q4 Report: Key Expectations for Earnings
Revenue Forecast:
Analysts anticipate Flowserve (FLS) to report year-over-year revenue growth of 3% this quarter, reaching an estimated $1.20 billion. This marks a moderation compared to the 12.1% growth observed in Q4 of last year.
Earnings Expectation:
Adjusted earnings are projected to be $0.77 per share, meeting analysts' consensus.
Analyst Sentiment:
Analysts have largely maintained their estimates over the past month, suggesting confidence in Flowserve's ongoing performance.
Historical Performance:
Flowserve has consistently exceeded revenue estimates in recent quarters, with an average beat of 4.7% over the past two years.
Peer Comparison:
Within the gas and liquid handling segment, peers like Standex and IDEX have already reported mixed Q4 results. Standex delivered year-on-year revenue growth of 6.4%, surpassing estimates, while IDEX missed expectations with a 9.4% increase.
Market Context:
Amidst easing inflation and positive market sentiment, gas and liquid handling stocks have generally underperformed, with an average price decline of 4.6% in the last month. Flowserve has experienced a 3.8% drop during this period.
Analyst Outlook:
Based on an average analyst price target of $70.80, Flowserve is currently trading at a discount (current share price: $62.29).
Disclaimer:
This information is for informational purposes only and should not be construed as investment advice.