Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Donaldson (NYSE:DCI) and the best and worst performers in the gas and liquid handling industry.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how IDEX (NYSE:IEX) and the rest of the gas and liquid handling stocks fared in Q4.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Flowserve (NYSE:FLS) and the rest of the gas and liquid handling stocks fared in Q4.
Flowserve trades at $50.84 and has moved in lockstep with the market. Its shares have returned 11.7% over the last six months while the S&P 500 has gained 7%.
Shares of flow control equipment manufacturer Flowserve (NYSE:FLS)
fell 9.8% in the pre-market session after the company reported disappointing fourth-quarter results: Its EPS missed significantly, and its revenue fell short of Wall Street's estimates. On the other hand, Flowserve blew past analysts' backlog expectations this quarter. Still, this was a weaker quarter.
Flow control equipment manufacturer Flowserve (NYSE:FLS) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.3% year on year to $1.18 billion. Its non-GAAP profit of $0.70 per share was 9% below analysts’ consensus estimates.
Let’s dig into the relative performance of Flowserve (NYSE:FLS) and its peers as we unravel the now-completed Q3 gas and liquid handling earnings season.
Flow control equipment manufacturer Flowserve (NYSE:FLS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.5% year on year to $1.13 billion. Its non-GAAP profit of $0.62 per share was 6.9% below analysts’ consensus estimates.
