Market Overview

Earnings Outlook for Flotek Industries

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Flotek Industries (NYSE: FTK) unveils its next round of earnings this Wednesday, August 05. Get prepared with Benzinga's ultimate preview for Flotek Industries's Q2 earnings.

Earnings and Revenue

Analysts are predicting Flotek Industries will report a loss of $0.12 per share on revenue of $32.60 million. Flotek Industries reported a per-share loss of $0.210 when it published results during the same quarter last year. Sales in that period totaled $34.69 million. If the company were to report in-line earnings when it publishes results Wednesday, earnings would be up 42.86%. Flotek Industries's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.16 -0.2 -0.23 -0.14
EPS Actual -0.19 -0.3 -0.18 -0.21
Revenue Estimate 30.70 M 31.00 M 31.80 M 45.20 M
Revenue Actual 19.42 M 19.53 M 21.88 M 34.69 M

Stock Performance

Shares of Flotek Industries were trading at $1.43 as of August 03. Over the last 52-week period, shares are down 51.89%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Flotek Industries is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://www.flotekind.com/index.php/investor-relations/itemlist/category/86-media-and-presentations

 

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Posted-In: Earnings