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Flowserve Corp.

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In the past three months, Flowserve's shares have outperformed the industry. We believe that the company is well positioned to benefit in the long run from strengthening end markets as well as realignment initiatives. In the second quarter of 2018, sales exceeded the Zacks Consensus Estimate by 5.6% while grew 11% year over year on segmental performances. For 2018, the company reiterated its earnings guidance at $1.50-$1.70 on revenues growth of 3-6%. This reflects an improvement over the year-ago earnings of $1.36 and a sales decline of 8%. Earnings estimates on the stock increased for both 2018 and 2019 increased in the past 60 days.

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