Earnings Forecast Research on Flowserve Corporation (FLS)

Flowserve Corporation has received $0.65 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 11 Financial Advisor in the Stock Trading Firms. Among 11 Analysts, Bottom line EPS Estimate for the current quarter is $0.6 while the top line estimate is $0.76 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -27.37%.

Flowserve Corporation results fell short with a surprise EPS of -14.75% or $-0.09. The Actual EPS was $0.52 compared to the Estimated EPS of $0.61 during its most recent quarterly earnings. Irving based Flowserve Corporation Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Feb 16, 2017.

In the last quarter, Flowserve Corporation reported Annual Earnings of $0.52. Based on the filings, last years Annual Earnings was, $3.07. In the last Quarter, FLS reported a surprise Earnings per Share of -14.75% . The consensus estimate for current quarter is $0.65 and for the current fiscal year, the estimate is $2.11. For the Next fiscal year, the estimate is $2.17 based on the consensus.

Flowserve Corporation (NYSE:FLS) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 1.32 points or 2.61% at $49.16 with 1,748,244 shares getting traded. Post opening the session at $50.23, the shares hit an intraday low of $48.83 and an intraday high of $50.3132 and the price was in this range throughout the day. The company has a market cap of $6,413 million and the number of outstanding shares has been calculated to be 130,452,077 shares. The 52-week high of Flowserve Corporation (NYSE:FLS) is $52.5 and the 52-week low is $35.25.

Flowserve Corporation is one of the worlds leading providers of industrial flow management services. Operating in 25 countries, with more than 7,000 employees, the company produces highly engineered and modular pumps, precision mechanical seals, smart, specialty, and quarter-turn valves and valve actuators, and a range of related flow management services. (Press Release)

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