Earnings Preview: FMC Technologies' EPS, Revenue Expected to Rise
FMC Technologies (NYSE: FTI) releases its next round of earnings this Tuesday, October 25, 2011. Get prepared with Benzinga's ultimate preview for FMC Technologies' third quarter earnings.
Earnings and Revenue:
Analysts are predicting an EPS reading of 47 cents/share and revenues of $1.3 billion. FMC Technologies' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 33 cents/share on revenues of $960 million. We'll have to wait for Tuesday to see if FMC Technologies has accomplished the estimated 42.4% rise in EPS and 35.4% increase in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.39 | $0.37 | $0.35 | $0.34 |
| EPS Actual | $0.39 | $0.32 | $0.34 | $0.33 |
Stock Performance:
Shares of FMC Technologies were trading at $42.34 as of October 19, 2011. Since January 1st, shares of FMC Technologies have declined 4.8%. For a full 12 months, the return has risen by 15%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for FMC Technologies is a Hold. Over the past three months this rating's strength has declined slightly.
Competitors:
Wondering how FMC Technologies compares to rivals in the same sector? Here are a few of the company's peers.
- Baker Hughes (NYSE: BHI): Moderate Buy with a $0.93 recent quarter EPS
- Cameron International (NYSE: CAM): Moderate Buy with a $0.66 recent quarter EPS
- Dril-Quip (NYSE: DRQ): Moderate Buy with a $0.55 recent quarter EPS
- Bolt Technology (NASDAQ: BOLT): Strong Buy
FMC Technologies is in the oil field machines and equipment industry, which has experienced price/earnings growth of 0.8%.
Finally, a description of the company's main areas of operation: FMC Technologies is a global provider of technologically sophisticated systems and products for the energy industry.
Take Action:
That's your advanced look at FMC Technologies' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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