FMC Technologies, Inc. (FTI) is set to release Q315 earnings after the close today. Wall Street analysts are on average expecting FTI to post $1.67 billion in sales during the quarter. This would show a 1.76% decrease from the Q215 revenue of $1.7 billion and a decrease of 16.50% from the same period in Q314. EPS in Q315 are expected to come in at $0.58, a decline rate of 19.44% from $0.72 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.59 per share.
As a quick reminder, FMC Technologies reported Q215 EPS of $0.52, $0.09 lower than the Street’s consensus estimate. Revenue decreased 14.57% yoy to $1.7 billion versus the $1.71 billion consensus.
On trading measures, FTI is currently printing a lower than average trading volume with the issue trading 2.76M shares, compared to the average volume of 3.58M. The stock began trading this morning at $33.52 to currently trade 0.77% higher from the prior days close of $33.85. On an intraday basis it has gotten as low as $33.25 and as high as $34.19.
FMC Tech shares have advanced 1.71% in the last 4 weeks while declining 6.93% in the past three months. Over the past 5 trading sessions the stock has gained 0.56%. The Houston, Texas-based provider of technology solutions for the energy industry has a median Wall Street price target of $38 with a high target of $50.
FTI, currently valued at $7.83 billion, is down 32.65% year-over-year as of the close of trading on Tuesday.
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