The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Flotek Industries's revenues will grow 5.3% and EPS will grow 750.0%.
The average estimate for revenue is $78.9 million. On the bottom line, the average EPS estimate is $0.17.
Last quarter, Flotek Industries booked revenue of $78.6 million. GAAP reported sales were 4.8% higher than the prior-year quarter's $75.1 million.
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 $0.19. GAAP EPS of $0.19 for Q3 were 46% lower than the prior-year quarter's $0.35 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 43.0%, 210 basis points better than the prior-year quarter. Operating margin was 18.6%, 290 basis points worse than the prior-year quarter. Net margin was 12.5%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $315.0 million. The average EPS estimate is $0.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 756 members out of 789 rating the stock outperform, and 33 members rating it underperform. Among 146 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Flotek Industries a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $17.00.
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