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Flotek Earnings: An Early Look

http://www.fool.com/investing/general/2013/03/11/flotek-earnings-an-early-look.aspx

Dan Caplinger
March 11, 2013

Earnings season is winding down, with most companies already having reported their quarterly results. But there are still some companies left to report, and Flotek (NYSE: FTK) is about to release its quarterly earnings report. The key to making smart investment decisions with stocks releasing their quarter reports is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed, knee-jerk reaction to news that turns out to be exactly the wrong move.

Flotek supplies chemicals and drilling equipment to the oil and gas industry, and with all the activity going on in energy these days, that's been a lucrative area for Flotek to make money in. Let's take an early look at what's been happening with Flotek over the past quarter and what we're likely to see in its quarterly report on Wednesday.

Stats on Flotek

 

 

Analyst EPS Estimate

$0.17

Change From Year-Ago EPS

325%

Revenue Estimate

$77.9 million

Change From Year-Ago Revenue

4%

Earnings Beats in Past 4 Quarters

1

Source: Yahoo! Finance.

Will Flotek drill up more profits this quarter?
Analysts have kept their estimates on Flotek rock-steady over the past few months, with no changes to the just-ended quarter or full-year 2013 projections. The stock, though, has done quite well, rising almost 20% since early December.

Flotek has three key segments. First, it makes specialty chemicals that help boost production from oil and gas wells. Second, its drilling products divisions makes and repairs drilling tools, serving not only the ene