Forum Energy Technologies Inc expected to post a loss of $2.28 a share - Earnings Preview

Forum Energy Technologies

05/05/2021 15:16

* Forum Energy Technologies Inc  FET.N   FET  is expected
to show a fall in quarterly revenue when it reports results on
May 7 .
* The Houston, Texas-based company is expected to report   a
34.8% decrease in revenue to $119 million from $182.6 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
​* Refinitiv's mean analyst estimate for Forum Energy
Technologies Inc is for a loss of $2.28 per share. For the same
quarter last year, the company reported a loss of $4.00 per
share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Forum Energy
Technologies Inc is $20​, about 7.6% above​ its last closing
price of $18.49. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020              -5.20      -4.80     Beat    7.7
 Sep. 30 2020  -5.70       -5.70      -6.00     Missed  -5.3
 Jun. 30 2020  -6.44       -5.97      -5.80     Beat    2.9​
 Mar. 31 2020  -2.04       -1.95      -4.00     Missed  -105.1
 Dec.          -1.72​      -1.70      -1.80     Missed  -5.8​
 31​ 2019​                                              
 Sep. 30 2019  -1.14       -1.07      0.40      Beat    137.4​
 Jun. 30 2019  -1.16       -1.11      -1.60     Missed  -44.5
 Mar. 31 2019  -1.30       -1.30      -0.80     Beat    38.5
 This summary was machine generated May 5 at 14:16 GMT.  All
figures in US dollars unless otherwise stated