Forum Energy Technologies (NYSE: FET) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Forum Energy Technologies missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.

Margins contracted across the board.

Revenue details
 Forum Energy Technologies reported revenue of $367.9 million. The 13 analysts polled by S&P Capital IQ expected to see sales of $382.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.34. The 17 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. Non-GAAP EPS of $0.34 for Q2 were 31% lower than the prior-year quarter's $0.49 per share. GAAP EPS of $0.32 for Q2 were 35% lower than the prior-year quarter's $0.49 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 12.8%, much worse than the prior-year quarter. Operating margin was 12.8%, 500 basis points worse than the prior-year quarter. Net margin was 8.1%, 370 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $422.1 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $1.62 billion. The average EPS estimate is $1.69.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 17 members out of 18 rating the stock outperform, and one members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Forum Energy Technologies a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Forum Energy Technologies is outperform, with an average price target of $32.54.

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