Flowserve (FLS) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Flowserve (FLS) reported revenue of $1.13 billion, up 3.5% over the same period last year. EPS came in at $0.62, compared to $0.50 in the year-ago quarter.The reported revenue represents a surprise of +0.52% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.67, the EPS surprise was -7.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.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 Flowserve performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Sales- FPD: $781.37 million versus the four-analyst average estimate of $785.87 million. The reported number represents a year-over-year change of +2%. Sales- FCD: $351.72 million versus the four-analyst average estimate of $340 million. The reported number represents a year-over-year change of +6.4%. Intersegment sales- Eliminations and All Other: -$2.17 million compared to the -$2.10 million average estimate based on two analysts. Adjusted Operating Income- FCD: $49.40 million versus $51.47 million estimated by four analysts on average. Segment operating income- Eliminations and All Other: -$52.80 million versus -$40.18 million estimated by four analysts on average. Adjusted Operating Income- FPD: $128.10 million compared to the $117.74 million average estimate based on four analysts. View all Key Company Metrics for Flowserve here>>>Shares of Flowserve have returned +2.5% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>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 Flowserve Corporation (FLS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks