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

Forum Energy Technologies

07/05/2021 01:54

* Forum Energy Technologies Inc  FET.N  reported a quarterly
adjusted loss of $5.28​​ per share for the quarter ended
in March. The lone analyst forecast for the quarter was for a
loss of $2.28 per share.
* Revenue fell 37.3% to $114.50 million from a year ago​; 
analysts expected $119.00 million.
* Forum Energy Technologies Inc's reported EPS for the quarter
was a loss of $5.28​.
* The mean earnings estimate of analysts had risen by
about 38.4% in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Forum Energy Technologies Inc shares had risen by 2.2% this
quarter and gained 59.2% so far this year.
* The company reported a quarterly loss of $29.7 million.
* Wall Street's median 12-month price target for Forum Energy
Technologies Inc is $20.00 
* 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." 
This summary was machine generated May 7 at 12:54 a.m. GMT. ​All
figures in US Dollars.​