TechnipFMC PLC reports results for the quarter ended September 30 - Earnings Summary

• TechnipFMC PLC reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 85 cents to 94 cents per share.

• Revenue rose 9.4% to $2.90 billion from a year ago; analysts expected $2.79 billion.

• TechnipFMC PLC's reported EPS for the quarter was $1.05​.

• The company reported quarterly net income of $418.4 million.

• TechnipFMC PLC shares had risen by 5.1% this quarter and gained 60.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for TechnipFMC PLC is $80.00, about 10.7% above its last closing price of $71.40

This summary was machine generated from LSEG data October 29 at 03:48 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)