TechnipFMC plc (NYSE:FTI) is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.22 per share.
Looking ahead, the full year income are expected at $ 0.47 per share on the revenues of $ 12959.10 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 12,550.00 million ~ $ 13,550.00 million
Click Here For More Historical Outlooks Of TechnipFMC plc
Previous Quarter Performance
TechnipFMC plc communicated income for the second quarter of $ 0.09 per share, from the revenue of $ 3,159.00 million. The quarterly earnings declined 76.92 percent while revenues dropped 3.02 percent compared with the same quarter last year.
According to street consensus, FTI was expected to report 2Q20 income of $ 0.06 per share from revenue of $ 3114.35 million. The bottom line results beat street analysts by $ 0.03 or 50.00 percent, at the same time, top line results outshined analysts by $ 44.65 million or 1.43 percent.
Stock Performance
Shares of TechnipFMC plc traded up $ 0.32 or 4.60 percent on Tuesday, reaching $ 7.28 with volume of 7.42 million shares. TechnipFMC plc has traded high as $ 7.40 and has cracked $ 7.18 on the downward trend
The closing price of $ 7.28, representing a 55.01 % increase from the 52 week low of $ 4.49 and a 70.68 % decrease over the 52 week high of $ 23.74.
The company has a market capital of $ 3.34 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Jefferies Financial Group to Hold from Underperform rating.
- On 2nd October 2020, initiated by BMO Capital Markets at Market Perform rating, with $ 7.50 target price.
- On 31st August 2020, maintained by Morgan Stanley at Overweight rating, with $ 9.80 target price.
Conference Call
TechnipFMC plc will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.technipfmc.com
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
