FMC Technologies (FTI) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.21 per share a year ago.
FCN's third-quarter 2024 revenues are expected to increase year over year.
FTI beat the Zacks Consensus Estimate in each of the last four quarters, which resulted in an average earnings surprise of 24.5%.
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FMC Technologies (FTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FTI secures a substantial iEPCI contract from BP for Kaskida Development in the Gulf of Mexico, enhancing subsea production with innovative high-pressure solutions.
FTI's total backlog reached a historic high of $13.9 billion in the second quarter of 2024.
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FTI bags two major contracts from Petrobras to enhance subsea production systems, extending its expertise in Brazil's pre-salt oil fields.
FTI, MUSA and SUN are three energy stocks with strong EPS trends that investors may want to consider at a discount.
The expected dayrate increase will help specialized deepwater operators like FTI and SLB.
TechnipFMC has been growing impressively. The offshore/subsea markets where the company mainly operates are resilient despite lower oil prices. The company generates free cash flow and channels it into buybacks; this suggests the current drawdown may not last long.