Earnings Preview: FMC Technologies

| About: FMC Technologies, (FTI)

FMC Technologies (NYSE:FTI) is expected to report Q3 earnings after market close Thursday Nov. 6, with a conference call scheduled for Friday, November 7 at 9:00 am ET.


Analysts are looking for a profit of 70c on revenue of $1.16B. The consensus range is 62c to 75c for EPS, and revenue of $1.06B to $1.26B, according to First Call.

Analyst Views

FMC reported better than expected Q2 results in July, reporting Q2 EPS of 81c vs. consensus of 73c, and Q2 revenue of $1.5B vs. consensus of $1.37B. At that time, the company gave FY08 EPS guidance of $2.60 to $2.70 vs. a consensus at the time of $3.00. The company reiterated the guidance in September, but the consensus expectations for FY08 EPS have been lowered to $2.75.

Jefferies recently downgraded FMC to Hold from Buy and lowered its target on the company to $37 from $52, to reflect the stock's relative valuation to the oil service peers.

About this article:

Tagged: , Oil & Gas Equipment & Services, Earnings, SA Submit
Problem with this article? Please tell us. Disagree with this article? .