Forum Energy Technologies Earnings Preview

Forum Energy Technologies FET is set to give its latest quarterly earnings report on Monday, 2022-02-28. Here's what investors need to know before the announcement.

Analysts estimate that Forum Energy Technologies will report an earnings per share (EPS) of $-0.80.

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).

Past Earnings Performance

Last quarter the company missed EPS by $0.92, which was followed by a 1.89% 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 Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate -1.33 -1.75 -2.28 -5.2
EPS Actual -2.25 -2.66 -3.95 -4.8
Price Change % -1.89% -2.15% 13.86% 9.17%

eps graph

Stock Performance

Shares of Forum Energy Technologies were trading at $19.37 as of February 23. Over the last 52-week period, shares are down 14.74%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.

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