Forum Energy Technologies, Inc. (NYSE:FET) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, FET is expected to report 3Q20 loss of $ 0.28 per share from revenue of $ 104.50 million.
For the full year, analysts anticipate top line of $ 510.67 million, while looking forward to loss of $ 1.04 per share bottom line.
Previous Quarter Performance
Forum Energy Technologies, Inc. reported loss for the second quarter of $ 0.29 per share, from the revenue of $ 113.30 million. Street analysts expected Forum Energy Technologies, Inc. to report loss of $ 0.30 per share on revenue of $ 110.00 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 3.33 percent, at the same time, top line results outshined analysts by $ 3.30 million or 3.00 percent.
Stock Performance
Shares of Forum Energy Technologies, Inc. traded up $ 0.01 or 2.61 percent on Wednesday, reaching $ 0.45 with volume of 416.00 thousand shares. Forum Energy Technologies, Inc. has traded high as $ 0.45 and has cracked $ 0.40 on the downward trend
The closing price of $ 0.45, representing a 193.33 % increase from the 52 week low of $ 0.15 and a 78.11 % decrease over the 52 week high of $ 2.01.
The company has a market capital of $ 49.81 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.
