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FMC Technologies (FTI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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FMC Technologies (FTI - Free Report) reported $2.06 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 18.7%. EPS of $0.21 for the same period compares to $0.03 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.99 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +5.00%, with the consensus EPS estimate being $0.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how FMC Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Inbound Orders - Subsea Technologies: $1.83 billion compared to the $1.54 billion average estimate based on 11 analysts.
Order Backlog - Subsea Technologies: $12.07 billion versus $12.04 billion estimated by 10 analysts on average.
Inbound Orders - Total: $2.15 billion versus the nine-analyst average estimate of $1.96 billion.
Inbound Orders - Surface Technologies: $317.10 million versus $376.73 million estimated by nine analysts on average.
Book-to-bill - Subsea: 1 compared to the 1 average estimate based on nine analysts.
Order Backlog - Total: $13.23 billion versus $13.35 billion estimated by eight analysts on average.
Order Backlog - Surface Technologies: $1.16 billion versus the eight-analyst average estimate of $1.25 billion.
Revenue- Surface Technologies: $348.60 million versus the 12-analyst average estimate of $358.26 million. The reported number represents a year-over-year change of +9.6%.
Revenue- Subsea Technologies: $1.71 billion compared to the $1.62 billion average estimate based on 12 analysts. The reported number represents a change of +20.7% year over year.
Subsea- Adjusted EBITDA: $257.80 million compared to the $234.84 million average estimate based on 12 analysts.
Surface- Adjusted EBITDA: $49.90 million compared to the $48.45 million average estimate based on 12 analysts.
Adjusted EBITDA- Corporate Expenses: -$23.80 million versus -$26.66 million estimated by eight analysts on average.
Shares of FMC Technologies have returned -6.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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FMC Technologies (FTI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
FMC Technologies (FTI - Free Report) reported $2.06 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 18.7%. EPS of $0.21 for the same period compares to $0.03 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.99 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +5.00%, with the consensus EPS estimate being $0.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how FMC Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Inbound Orders - Subsea Technologies: $1.83 billion compared to the $1.54 billion average estimate based on 11 analysts.
- Order Backlog - Subsea Technologies: $12.07 billion versus $12.04 billion estimated by 10 analysts on average.
- Inbound Orders - Total: $2.15 billion versus the nine-analyst average estimate of $1.96 billion.
- Inbound Orders - Surface Technologies: $317.10 million versus $376.73 million estimated by nine analysts on average.
- Book-to-bill - Subsea: 1 compared to the 1 average estimate based on nine analysts.
- Order Backlog - Total: $13.23 billion versus $13.35 billion estimated by eight analysts on average.
- Order Backlog - Surface Technologies: $1.16 billion versus the eight-analyst average estimate of $1.25 billion.
- Revenue- Surface Technologies: $348.60 million versus the 12-analyst average estimate of $358.26 million. The reported number represents a year-over-year change of +9.6%.
- Revenue- Subsea Technologies: $1.71 billion compared to the $1.62 billion average estimate based on 12 analysts. The reported number represents a change of +20.7% year over year.
- Subsea- Adjusted EBITDA: $257.80 million compared to the $234.84 million average estimate based on 12 analysts.
- Surface- Adjusted EBITDA: $49.90 million compared to the $48.45 million average estimate based on 12 analysts.
- Adjusted EBITDA- Corporate Expenses: -$23.80 million versus -$26.66 million estimated by eight analysts on average.
View all Key Company Metrics for FMC Technologies here>>>Shares of FMC Technologies have returned -6.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.