Investors and analysts will be closely watching when the company next reports earnings numbers. Earnings results can offer insight into the overall profitability of a specific company. Sell-side equity analysts are looking for Forum Energy Technologies, Inc. (NYSE:FET) to report quarterly EPS of $-0.19. The company is slated to next report earnings on or around 2016-10-27 for the period ending on 2016-09-30.
When a company releases earnings information, the results have the possibility of causing short-term stock movements whether the company misses or beats projections. Prior to the company’s earnings report, investors may be tracking directional trends of provided estimates. The company most recently reported a previous quarter earnings per share of $-0.19. The Zacks Research consensus before the earnings release was $-0.27.
The gap between the estimate and actual was $0.08 which created a surprise factor of 29.63%. The current mean price target on the stock is $18.375 which includes 12 analysts that were polled by Zacks Research. The high end target price has shares touching $23 and the low end target estimate has the stock moving to $12 within the year. Zacks Research also uses a numerical ratings scale that spans from 1 to 5. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. Combining all the ratings on Forum Energy Technologies, Inc. (NYSE:FET), the current mean is sitting at 2.08.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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