Forum Energy Technologies, Inc. (NYSE:FET) – Overview: Forum Energy Technologies Earnings
Energy Technologies Forum (NYSE:FET) is scheduled to release its latest quarterly earnings report on Monday 2022-02-28. Here’s what investors need to know ahead of the announcement.
Analysts estimate that Forum Energy Technologies will report a earnings per share (EPS) of -$0.80.
Forum Energy Technologies bulls are hoping to hear the company announce that it not only exceeded that estimate, but also provide some positive indications, or expected growth, for the next quarter.
New investors should note that sometimes it’s not an earnings beat or miss that most affects a stock’s price, but direction (or forecast).
Historical Earnings Performance
Last quarter, the company missed EPS by $0.92, followed by a 1.89% decline in share price the next day.
Here is an overview of Forum Energy Technologies past performance and the resulting price movement:
| Trimester | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS estimate | -1.33 | -1.75 | -2.28 | -5.2 |
| Actual EPS | -2.25 | -2.66 | -3.95 | -4.8 |
| Price change % | -1.89% | -2.15% | 13.86% | 9.17% |
Stock performance
Shares of Forum Energy Technologies were trading at $19.37 as of Feb. 24. Over the past 52-week period, shares are down 14.39%. Since these yields are typically negative, long-term shareholders are likely bearish ahead of this earnings release.
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