Flotek Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Flotek Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Flotek Industries Inc FTK.N reported quarterly adjusted earnings of 26 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of six analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 10 cents to 15 cents per share.
Revenue rose 70.3% to $99.37 million from a year ago; analysts expected $67.72 million.
Flotek Industries Inc's reported EPS for the quarter was 26 cents.
The company reported quarterly net income of $9.95 million.
Flotek Industries Inc shares had risen by 13.8% this quarter and gained 55.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 14.5% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty chemicals peer group is also "buy"
Wall Street's median 12-month price target for Flotek Industries Inc is $25.00, about 12.8% below its last closing price of $28.21
This summary was machine generated from LSEG data August 4 at 10:47 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.13 | 0.26 | Beat |
Mar. 31 2026 | 0.13 | 0.12 | Missed |
Dec. 31 2025 | 0.15 | 0.08 | Missed |
Sep. 30 2025 | 0.17 | 0.54 | Beat |
Recent news on Flotek Industries
See all newsBrief: Flotek Secures $120 Million Senior Secured Term Loan To Support Continued Strategic Growth
Brief: Wolfpack Research Says It Is Short Flotek Industries
Flotek Industries Inc reports results for the quarter ended June 30 - Earnings Summary
Flotek Q2 revenue jumps on Data Analytics segment growth
Brief: Flotek Industries Q2 Net Income USD 9.953 Million