FMC Technologies (NYSE: FTI ) is expected to report Q3 earnings on Oct. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict FMC Technologies's revenues will grow 22.1% and EPS will expand 14.0%.
The average estimate for revenue is $1.57 billion. On the bottom line, the average EPS estimate is $0.57.
Last quarter, FMC Technologies booked revenue of $1.49 billion. GAAP reported sales were 22% higher than the prior-year quarter's $1.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.46. GAAP EPS of $0.46 for Q2 were 18% higher than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 21.0%, 140 basis points worse than the prior-year quarter. Operating margin was 9.9%, 130 basis points worse than the prior-year quarter. Net margin was 7.5%, 20 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $6.13 billion. The average EPS estimate is $2.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 510 members out of 532 rating the stock outperform, and 22 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give FMC Technologies a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FMC Technologies is outperform, with an average price target of $52.09.
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