Flowserve is expected to report strong Q4 earnings, driven by chemical and power generation markets.

From Nasdaq: 2025-02-17 15:00:00

Flowserve Corporation (FLS) is expected to report fourth-quarter 2024 results with a revenue estimate of $1.2 billion, showing a 3.9% growth from the previous year. Earnings are forecasted at 77 cents per share, a 13.2% increase from last year’s figure. The company has a history of beating earnings estimates, with an average surprise of 10.8%.

Factors like strength in the chemical market and solid booking levels in the power generation market are expected to drive Flowserve’s performance in Q4. The company anticipates a 4-6% increase in total revenues for 2024. However, costs related to restructuring and foreign currency headwinds may impact margins.

Flowserve has a positive earnings outlook for the upcoming report, with an Earnings ESP of +2.60% and a Zacks Rank of 3. The company’s recent acquisition of MOGAS Industries is expected to enhance its results. Additionally, the Pumps Division and Flow Control Division segments are forecasted to show revenue growth in the fourth quarter.

In comparison to other companies, Tetra Tech, Inc. (TTEK) beat earnings estimates with $0.35 per share in Q1 of fiscal 2025, while Parker-Hannifin Corporation (PH) exceeded expectations with earnings of $6.53 per share in Q2 of fiscal 2025. Packaging Corporation of America (PKG) reported adjusted earnings per share of $2.47 in Q4 of 2024, slightly missing the consensus estimate.



Read more at Nasdaq: Flowserve Set to Report Q4 Earnings: Is a Beat in Store?