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Flowserve (FLS) to Report Q1 Earnings: What\'s in the Offing?

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Update time : 2020-05-11 08:34:05

Flowserve Corporation FLS is scheduled ought free first-quarter 2020 results above can 7, hind fair close.

The corporation surpassed estimates at each of the final four quarters, the certain salary astonish being 8.34%, above average. Its fourth-quarter 2019 salary of 66 cents per part surpassed the Zacks Consensus worth of 65 cents by 1.54%.

In the past three months, the company’s shares dine lost 45.1% compared with the industry’s decline of 22.1%.

 

 

Factors at Play

Challenging conditions at the fat and gas aim markets are expected ought dine adversely impacted bookings at the first quarter. Also, issues alike estate pricing, business disruption and geopolitical uncertainties across the clay dine caused delays at leading spending. These are apt ought dine harm Flowserve's top-line performance.

Also, little of the company’s manufacturing facilities, global technique and engineering centers, quick response centers, and corporate headquarters dine suffered temporary shutdowns, due ought the coronavirus outbreak. Notably, the impacts of the pandemic above its equip bind also during the demand during its products and services along with the governmental regulations imposed at response ought the emergency are anticipated ought obtain reflected at Flowserve’s first-quarter results. Notably, the Zacks Consensus worth during first-quarter revenues from the company’s jog govern part section is currently pegged at $273 million, indicating a decline of 3.2% from the year-ago reported figure.

Although Flowserve's realignment project will advantage it at the hope run, it has been increasing its expenses. We hope high restructuring costs ought dine affected the company’s first-quarter earnings. at addition, enormous debt levels are apt ought dine negatively impacted Flowserve. Further, the company, which generates significant revenues from overseas operations, has been vulnerable ought foreign exchange issues, which are expected ought dine affected both peak and bottom-line action at the first quarter.

However, the company’s investments at organic growth and other industrial opportunities also during improved operating leverage are expected ought dine aided its profitability.

Earnings Whispers

According ought our quantitative model, a stock needs ought dine the combination of a positive Earnings ESP and a Zacks type #1 (Strong Buy), 2 (Buy), or at least 3 (Hold) ought increase the odds of an salary beat. besides that is no the case here during we will yell on below.

You can uncover the best stocks ought buy or sell ago they’re reported with our Earnings ESP filter.

Earnings ESP: Flowserve has an salary ESP of +1.52%.

Flowserve corporation wage and EPS Surprise

 

Flowserve corporation price-eps-surprise | Flowserve corporation Quote

Zacks Rank: Flowserve carries a Zacks type #4 (Sell).

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Intellicheck, Inc. IDN has an salary ESP of +66.67% and a Zacks type of 2 at present. You can see the terminate rotate of today’s Zacks #1 type stocks here.

Axon Enterprise, Inc. AAXN currently has an salary ESP of +18.31% and a Zacks type #3.

Ball corporation BLL directly has an salary ESP of +1.56% and a Zacks type of 3.

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