TechnipFMC (FTI) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 20, 2020 09:32PM ET
TechnipFMC plc (NYSE:FTI) is set to release fourth-quarter 2019 results after the closing bell on Wednesday, Feb 26. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 42 cents per share on revenues of $3.9 billion.
Let’s delve into the factors that might have influenced the company’s performance in the December quarter. But it’s worth taking a look at TechnipFMC’s previous quarter performance first.
Highlights of Q3 Earnings & Surprise History
In the last reported quarter, the London-based company missed the consensus mark on weaker-than-expected contribution from two of the company’s three segments – Subsea and Surface Technologies. TechnipFMC reported adjusted earnings of 12 cents a share, lagging the Zacks Consensus Estimate of 49 cents by a wide margin. The bottom line was also lower than the year-ago earnings of 31 cents a share. Meanwhile, third-quarter revenues came in at $3,335.1 million, lower than the Zacks Consensus Estimate of $3,561 million but 6% higher than the prior-year figure of $3,143.8 million on improved contribution from the Onshore/Offshore unit.
As far as earnings surprises are concerned, the manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry is on a slippery slope, having underperformed the Zacks Consensus Estimate in three of the last four reports, with the average negative surprise being 67.1%. This is depicted in the graph below:
TechnipFMC plc Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.