FMC Technologies, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component FMC Technologies, Inc. (NYSE:FTI) will unveil its latest earnings on Tuesday, October 25, 2011. FMC Technologies is a global provider of technologically sophisticated systems and products for the energy industry.

FMC Technologies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 47 cents per share, a rise of 42.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 46 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 47 cents during the last month. For the year, analysts are projecting net income of $1.72 per share, a rise of 12.4% from last year.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting profit of 39 cents per share in the second quarter to fall in line with expectations, the company beat estimates by 5 cents in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $1.3 billion in revenue this quarter, a rise of 35.4% from the year ago quarter. Analysts are forecasting total revenue of $5.02 billion for the year, a rise of 21.5% from last year’s revenue of $4.13 billion.

Analyst Ratings: Analysts seem relatively indifferent about FMC Technologies with 10 of 19 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 2% to $94.3 million (39 cents a share) from $96.2 million (39 cents a share) the year earlier, meeting analyst expectations. Revenue rose 21.4% to $1.23 billion from $1.01 billion.

Key Stats:

The company has seen net income fall in each of the last two quarters. Net income dropped 13.9% in the first quarter.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 3%.

Competitors to Watch: Cameron Intl. Corp. (NYSE:CAM), T-3 Energy Services, Inc. (NASDAQ:TTES), Baker Hughes Incorporated (NYSE:BHI), Dril-Quip, Inc. (NYSE:DRQ), National-Oilwell Varco, Inc. (NYSE:NOV), Lufkin Industries, Inc. (NASDAQ:LUFK), Flotek Industries, Inc. (NYSE:FTK), Oil States Intl., Inc. (NYSE:OIS), Bolt Technology Corp. (NASDAQ:BOLT), and Tesco Corporation (NASDAQ:TESO).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $2.53 (-5.6%) from $44.87 to $42.34. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 11.6% (+$4.09) 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, falling 12% (-$5.30) over that span. Shares are down $2.12 (-4.8%) year to date.

(Source: Xignite Financials)

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