Forum Energy Technologies Inc reports results for the quarter ended in January - Earnings Summary

Forum Energy Technologies

02/08/2024 15:36

* Forum Energy Technologies Inc  FET.N  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
January.  The mean expectation of two analysts for the quarter
was for earnings of 4 cents per share. 
    * Revenue was $205.20 million​; analysts expected $209.10
million. 
    * Forum Energy Technologies Inc's reported EPS for the
quarter was
a loss of 54 cents​.
    * The company reported a quarterly loss of $6.7 million.
    * Forum Energy Technologies Inc shares had risen by 2.8%
this
quarter and lost 21.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 90.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 

This summary was machine generated from LSEG data August 2 at
02:36 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 2024      0.04           -0.07          Missed
 Mar. 31 2024      -0.20          -0.12          Beat