Forum Energy Technologies FET is set to give its latest quarterly earnings report on Thursday, 2021-11-04. Here's what investors need to know before the announcement.
Analysts estimate that Forum Energy Technologies will likely report an Earnings Per Share (EPS) of $-1.33
Forum Energy Technologies bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat on EPS by 52.00%, which was followed by a 2.15% drop in the share price the next day.
Here's a look at Forum Energy Technologies's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | -1.75 | -2.28 | -5.2 | -5.6 |
| EPS Actual | -2.66 | -3.95 | -4.8 | -6 |
| Price Change % | -2.15% | 13.86% | 9.17% | -1.99% |
Stock Performance
Shares of Forum Energy Technologies were trading at $22.87 as of November 02. Over the last 52-week period, shares are up 166.27%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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