| Will FMC Technologies (FTI) Miss Q1 Earnings Estimates? - Analyst Blog | |
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Oilfield equipment manufacturer FMC Technologies Inc. FTI is expected to release its first-quarter 2015 results after the close of the trading session on Tuesday, Apr 21.
The company surpassed the Zacks Consensus Estimate in three of the trailing four quarters. In the last reported quarter, the company beat the Zacks Consensus Estimate by a penny on higher revenues from the subsea technologies unit along with an improved North American fluid control business.
Let’s see how things are shaping up for this announcement.
Factors to Consider
FMC Technologies is a leading manufacturer and supplier of technology solutions for the energy industry. Also, the company’s strong backlog, which now stands at nearly $6.6 billion, offers long-term earnings and cash flow visibility. This enables the company to navigate through uncertainty better than many of its peers.
However, FMC Technologies belongs to an industry that is consistently witnessing a downtrend as a result of plunging crude prices. This may reflect negatively on the company’s upcoming earnings.
FMC Technologies’ subsea technologies business unit, which accounts for a major portion of its revenues, could face near-term headwinds as contracts dwindle due to lower customer spending.
Additionally, a majority of the brokerage firms have lowered first quarter and full-year earning estimates for the company, indicating further bearishness ahead.
Earnings Whispers
Our proven model does not conclusively show that FMC Technologies is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP (Expected Surprise Prediction) and a Zacks Rank of #1, 2 or 3 for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: Earnings ESP which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is -6.67%. The Most Accurate estimate for FMC Technologies stands at 56 cents while the Zacks Consensus Estimate is pegged higher at 60 cents.
Zacks Rank: FMC Technologies carries a Zacks Rank #3 (Hold). Though a Zacks Rank #1, 2 or 3 increases the predictive power of ESP, the company’s ESP of -6.67% makes surprise prediction difficult.
We caution against Sell-rated stocks (Zacks Ranks #4 and 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
While earnings beat looks uncertain for FMC Technologies, here are some firms, which have the right combination of elements to post an earnings beat this quarter: Suncor Energy Inc. SU has an Earnings ESP of +400.00% and a Zacks Rank #2 (Buy). The company is expected to release earnings on Apr 29. Whiting Petroleum Corp. WLL has an Earnings ESP of +6.90% and a Zacks Rank #2. The company is slated to release earnings on Apr 29. Cenovus Energy Inc. CVE has an Earnings ESP of +58.82% and a Zacks Rank #2. The company is slated to release earnings on Apr 29. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FMC TECH INC (FTI): Free Stock Analysis Report SUNCOR ENERGY (SU): Free Stock Analysis Report CENOVUS ENERGY (CVE): Free Stock Analysis Report WHITING PETROLM (WLL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Whiting Petroleum Corporation
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CODE : WLL |
ISIN : US9663871021 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Whiting Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Whiting Petroleum est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,2 milliards US$ (5,4 milliards €). La valeur de son action a atteint son plus haut niveau récent le 22 août 2008 à 99,26 US$, et son plus bas niveau récent le 03 avril 2020 à 0,25 US$. Whiting Petroleum possède 90 927 193 actions en circulation. |