Flowserve Company FLS is prone to witness backside and top-line progress when it reviews fourth-quarter 2024 outcomes on Feb. 18, after market shut. The Zacks Consensus Estimate for revenues is pegged at $1.2 billion, indicating progress of three.9% from the prior-year quarter’s determine.
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The consensus mark for earnings is pinned at 77 cents per share, which has elevated 4.1% previously 30 days. The determine signifies a leap of 13.2% from the prior-year determine. FLS surpassed estimates thrice and missed as soon as within the trailing 4 quarters, delivering a mean earnings shock of 10.8%. The corporate’s backside line fell wanting the Zacks Consensus Estimate by 7.5% within the final reported quarter.
Flowserve Company Worth and EPS Shock
Flowserve Corporation price-eps-surprise | Flowserve Company Quote
Let’s see how issues have formed up for Flowserve previous to the announcement.
Components More likely to Have Formed FLS’ Quarterly Efficiency
Power within the chemical market, led by the greenfield petrochemical challenge in Saudi Arabia, is predicted to drive the corporate’s leads to the fourth quarter. Vital investments in specialty chemical compounds in the US and modest enchancment in total world chemical demand are additionally prone to have augmented its prime line.
Stable reserving ranges within the energy technology market, supported by the expansion in knowledge heart capability and rising Synthetic Intelligence exercise, are prone to have been favorable. For 2024, Flowserve expects whole revenues to extend within the vary of 4-6% from the year-ago degree.
The corporate’s Pumps Division phase is anticipated to have carried out nicely within the fourth quarter, pushed by stable momentum within the aftermarket and unique gear companies in North America, Europe Center East and Latin America. We anticipate the Pumps Division phase’s revenues to extend 2.3% from the year-ago quarter to $851 million.
A rise in unique gear gross sales within the Center East, North America, Asia Pacific and Europe areas is predicted to have augmented the Movement Management Division phase’s efficiency. We anticipate the phase’s fourth-quarter revenues to extend 5.2% 12 months over 12 months to $351 million.
The acquisition of MOGAS Industries (in October 2024), which enhanced Flowserve’s valve and automation product portfolio and considerably boosted its direct mining and mineral extraction publicity, can be anticipated to enhance its outcomes.
Nonetheless, escalating prices and bills, associated to greater enter prices, and restructuring-related actions are prone to have affected FLS’ margin efficiency. Additionally, given the corporate’s substantial worldwide operations, international forex headwinds are prone to have marred its margins and profitability.
Earnings Whisper
Our confirmed mannequin predicts an earnings beat for Flowserve this time round. The mix of a constructive Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the percentages of an earnings beat, which is the case right here, as elaborated beneath.
Earnings ESP: Flowserve has an Earnings ESP of +2.60% because the Most Correct Estimate is pegged at 79 cents per share, greater than the Zacks Consensus Estimate of 77 cents. You possibly can uncover the most effective shares earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: FLS presently carries a Zacks Rank of three. You possibly can see the complete list of today’s Zacks #1 Rank stocks here.
Efficiency of Some Firms
Tetra Tech, Inc. TTEK reported earnings of $0.35 per share within the first quarter of fiscal 2025 (ended December 2024), which beat the Zacks Consensus Estimate of $0.34. This compares with earnings of $0.28 per share a 12 months in the past.
Tetra posted revenues of $1.2 billion for the quarter ended December 2024, surpassing the consensus estimate by 8.85%. This compares with year-ago revenues of $1.02 billion. The corporate topped the consensus estimate for revenues in every of the final 4 quarters.
Parker-Hannifin Company PH reported earnings of $6.53 per share within the second quarter of fiscal 2025 (ended December 2024), which beat the Zacks Consensus Estimate of $6.22. This compares with earnings of $6.15 per share a 12 months in the past.
PH reported revenues of $4.74 billion for the quarter ended December 2024, lacking the consensus estimate by 1.2%. This compares with year-ago revenues of $4.82 billion. The corporate topped the consensus estimate for revenues as soon as within the final 4 quarters.
Packaging Company of America PKG reported adjusted earnings per share of $2.47 within the fourth quarter of 2024, which missed the Zacks Consensus Estimate of $2.51 by a margin of two%. The underside line matched PKG’s steering and grew 16% 12 months over 12 months.
Gross sales within the fourth quarter rose 10.7% 12 months over 12 months to $2.15 billion pushed by greater volumes and worth/combine in each segments. The highest line beat the consensus estimate of $2.13 billion.
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Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report
Parker-Hannifin Corporation (PH) : Free Stock Analysis Report
Flowserve Corporation (FLS) : Free Stock Analysis Report
Packaging Corporation of America (PKG) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
