What is Zacks Research’s Forecast for Flowserve Q4 Earnings?

Flowserve Co. (NYSE:FLS) – Equities researchers at Zacks Research lowered their Q4 2024 EPS estimates for Flowserve in a report issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $0.73 per share for the quarter, down from their prior estimate of $0.76. The consensus estimate for Flowserve’s current full-year earnings is $2.72 per share. Zacks Research also issued estimates for Flowserve’s Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.75 EPS, FY2025 earnings at $3.07 EPS, Q1 2026 earnings at $0.69 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.53 EPS.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Monday, October 28th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. Flowserve’s revenue was up 3.5% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Flowserve from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. TD Cowen boosted their price objective on shares of Flowserve from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America boosted their price objective on shares of Flowserve from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com lowered shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Robert W. Baird boosted their price objective on shares of Flowserve from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.10.

Flowserve Trading Up 0.3 %

Shares of FLS opened at $60.06 on Wednesday. The firm’s 50-day moving average price is $53.83 and its 200-day moving average price is $50.19. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.44 and a beta of 1.38. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. Flowserve has a 1-year low of $37.24 and a 1-year high of $61.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in shares of Flowserve during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in Flowserve during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Flowserve during the third quarter valued at approximately $29,000. Signaturefd LLC increased its holdings in Flowserve by 185.9% during the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company’s stock valued at $27,000 after buying an additional 370 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Flowserve by 159.9% during the third quarter. Allworth Financial LP now owns 655 shares of the industrial products company’s stock valued at $34,000 after buying an additional 403 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.