Flowserve Corporation reports results for the quarter ended September 30 - Earnings Summary

• Flowserve Corporation FLS.N reported quarterly adjusted earnings of $1.07​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of twelve analysts for the quarter was for earnings of 98 cents per share. Wall Street expected results to range from 96 cents to $1.01 per share.

• Revenue rose 5.4% to $1.24 billion from a year ago; analysts expected $1.24 billion.

• Flowserve Corporation's reported EPS for the quarter was 81 cents​.

• The company reported quarterly net income of $103.04 million.

• Flowserve Corporation shares had fallen by 3.1% this quarter and gained 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.7% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Flowserve Corporation is $92.00, about 21.9% above its last closing price of $71.81

This summary was machine generated from LSEG data October 28 at 10:24 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)