FLS' fourth-quarter 2024 results are likely to benefit from strength in its Pump Division segment, driven by strength in the aftermarket and original equipment businesses.
Flowserve Corporation has shown strong performance, with a 22.4% stock increase, but its current valuation limits further upside potential, leading me to maintain a 'hold' rating. Despite revenue and profit growth, including a 3.5% revenue increase and significant cost savings from restructuring, the stock remains fairly valued compared to peers. Management's optimistic future projections, including a $5 billion revenue target by 2027, are encouraging, but the stock's valuation still appears high.
Flowserve (FLS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FLS benefits from strength across its Pump Division and Flow Control Division segments, acquisitions and shareholder-friendly policies. However, rising costs and expenses remain concerning.
FLS benefits from strength across its original equipment and aftermarket businesses, solid bookings and shareholder-friendly policies. However, rising costs and expenses remain concerning.
Flowserve is yet another good example of why index exclusions tend to outperform index inclusions. Although the stock has skyrocketed over the past two years, the long-term opportunity has not been diminished. I show why the company is well-positioned to capitalize on expected oil & gas production increases over the coming years.
Flowserve Corporation (NYSE:FLS ) Q3 2024 Results Conference Call October 29, 2024 10:00 AM ET Company Participants Brian Ezzell - VP, IR, Treasurer and Corporate Finance Scott Rowe - President and Chief Executive Officer Amy Schwetz - Senior Vice President and Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Nathan Jones - Stifel Deane Dray - RBC Capital Markets Mike Halloran - Baird Andrew Obin - Bank of America Joe Giordano - TD Cowen Damian Karas - UBS Saree Boroditsky - Jefferies Joe Ritchie - Goldman Sachs Eric Look - Mizuho Operator Ladies and gentlemen, good day, and welcome to the Q3 2024 Flowserve Corporation Earnings Conference Call. Today's conference is being recorded.
FLS' third-quarter 2024 revenues increase 3.5% year over year, driven by the impressive performance of its Flowserve Pumps Division and Flow Control Division units.
Although the revenue and EPS for Flowserve (FLS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Flowserve (FLS) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.50 per share a year ago.
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Get a deeper insight into the potential performance of Flowserve (FLS) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.