Market Overview

Earnings Outlook For TechnipFMC

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TechnipFMC (NYSE: FTI) announces its next round of earnings this Wednesday, October 21. Here is Benzinga's everything-that-matters guide for this Wednesday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share (EPS)?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect TechnipFMC earnings of $0.21 per share. Revenue will likely be around $3.31 billion, according to the consensus estimate. TechnipFMC reported a profit of $0.12 per share when it published results during the same quarter last year. Sales in that period totaled $3.33 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a given company yields the "consensus estimates." If the company posts earnings or revenue above or below the consensus estimate an "earnings surprise", the stock may move by a considerable margin.

If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 75.0%. Revenue would have fallen 0.75% from the same quarter last year. TechnipFMC's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.06 0.22 0.42 0.50
EPS Actual 0.09 -0.11 0.03 0.12
Revenue Estimate 3.11 B 3.37 B 3.81 B 3.52 B
Revenue Actual 3.16 B 3.13 B 3.73 B 3.33 B

Stock Performance

Shares of TechnipFMC were trading at $6.955 as of October 19. Over the last 52-week period, shares are down 68.94%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. TechnipFMC is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/xj7s4fim

 

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