Flowserve Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Flowserve Corp (NYSE:FLS) will unveil its latest earnings on Wednesday, February 22, 2012. Flowserve develops and manufactures flow control products and systems for the world’s most critical applications.

Flowserve Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $2.26 per share, a rise of 13% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $2.28. Between one and three months ago, the average estimate moved down. It has risen from $2.25 during the last month. For the year, analysts are projecting net income of $7.67 per share, a rise of 9.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of $1.92 per share against a mean estimate of net income of $1.86 per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.25 billion in revenue this quarter, a rise of 9.6% from the year-ago quarter. Analysts are forecasting total revenue of $4.5 billion for the year, a rise of 11.7% from last year’s revenue of $4.03 billion.

Analyst Ratings: Analysts are bullish on this stock, with nine analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the third quarter, profit rose 3.7% to $107.8 million ($1.92 a share) from $103.9 million ($1.84 a share) the year earlier, exceeding analyst expectations. Revenue rose 15.5% to $1.12 billion from $971.7 million.

Key Stats:

For three consecutive quarters, the comapny has seen net income rise. Net income rose 7.7% in the second quarter and 20.9% in the first quarter.

Revenue has increased for three consecutive quarters. It rose 17.1% in the second quarter from the year earlier and 4% in the first quarter.

Stock Price Performance: Between December 19, 2011 and February 16, 2012, the stock price had risen $21.76 (22.6%), from $96.13 to $117.89. The stock price saw one of its best stretches over the last year between January 11, 2012 and January 19, 2012, when shares rose for six straight days, increasing 3.3% (+$3.46) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight days, dropping 16.7% (-$14.88) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com