For the quarter ended March 2024, Flowserve (FLS) reported income of $1.09 billion, up 10.9% over the identical interval final yr. EPS got here in at $0.58, in comparison with $0.40 within the year-ago quarter.
The reported income represents a shock of +4.81% over the Zacks Consensus Estimate of $1.04 billion. With the consensus EPS estimate being $0.47, the EPS shock was +23.40%.
Whereas buyers carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s value efficiency extra precisely.
Right here is how Flowserve carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Gross sales- FPD: $768.76 million in comparison with the $738.76 million common estimate primarily based on 4 analysts. The reported quantity represents a change of +9.8% yr over yr.
- Gross sales- FCD: $318.72 million versus the four-analyst common estimate of $299.40 million. The reported quantity represents a year-over-year change of +13.2%.
- Intersegment sales- Eliminations and All Different: -$2.44 million versus the two-analyst common estimate of -$1.25 million. The reported quantity represents a year-over-year change of +70.8%.
- Adjusted Working Revenue- FCD: $35.59 million versus the four-analyst common estimate of $35.31 million.
- Section working income- Eliminations and All Different: -$32.52 million in comparison with the -$37.59 million common estimate primarily based on 4 analysts.
- Adjusted Working Revenue- FPD: $114.98 million versus the four-analyst common estimate of $97.41 million.
View all Key Company Metrics for Flowserve here>>>
Shares of Flowserve have returned +2.4% over the previous month versus the Zacks S&P 500 composite’s -2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
Solely $1 to See All Zacks’ Buys and Sells
We’re not kidding.
A number of years in the past, we shocked our members by providing them 30-day entry to all our picks for the overall sum of solely $1. No obligation to spend one other cent.
1000’s have taken benefit of this chance. 1000’s didn’t – they thought there should be a catch. Sure, we do have a cause. We would like you to get acquainted with our portfolio companies like Shock Dealer, Shares Underneath $10, Expertise Innovators,and extra, that closed 228 positions with double- and triple-digit good points in 2023 alone.
Flowserve Corporation (FLS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
