Earnings Preview: FMC Technologies

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 |  About: FMC Technologies, Inc. (FTI)
by: Theflyonthewall

FMC Technologies (NYSE:FTI) is expected to report Q2 earnings after market close Thursday, July 24, with a conference call scheduled for July 25 at 9:00 am ET.

Guidance

Analysts are looking for EPS of 73c on revenue of $1.37B. The consensus range for EPS is 66c to 77c, while the consensus range for revenue is $1.31B to $1.44B, according to First Call. FMC Technologies reported in-line Q1 results on April 28, and raised its FY08 EPS guidance to $2.80 to $2.90 from $2.75 to $2.85. The consensus at the time was $2.90 and now stands at $3.00. Although the stock jumped from around $68 to over $80 a share over the quarter, it is now trading down almost -5% over the quarter, down to slightly over $65 a share.