Flotek Industries (NYSE:FTK) Stock

Flotek Industries

Flotek Industries Inc is a technology-driven company focused on reducing the environmental impact of energy operations. Its Chemistry Technologies segment develops green specialty chemicals to enhance the profitability of hydrocarbon producers, catering to major players in the oil and gas industry. These chemicals improve operational efficiency and sustainability throughout the well life cycle. The Data Analytics segment provides real-time analytics for hydrocarbon streams, enabling users to optimize processes and increase profitability by reducing waste and reprocessing. Flotek's revenue primarily comes from its Chemistry segment, reflecting its commitment to providing solutions for environmental improvement in the energy sector.

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Flotek Industries Inc

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Chief Executive Officer Dr. Ryan Ezell commented, "We look forward to reporting our fourth quarter results, which we currently expect will be the strongest in terms of net income and adjusted EBITDA (1) as compared to the previously reported quarterly results for 2024. &nbsp;Our continued financial and operational improvements reflect the considerable effort put forth by our employee group and the execution of our corporate strategy towards the convergence of innovative data and chemical solutions."&nbsp;
The Company plans to issue its fourth quarter and full-year 2024 financial and operating results press release after market close on Monday, March 10, 2025, and host its earnings conference call on Tuesday, March 11, 2025, at 9:00 a.m. CST (10:00 a.m. EST).

Guidance

Flotek Industries CEO Ryan Ezell Says "We Look Forward To Reporting Our Q4 Results, Which We Currently Expect Will Be The Strongest In Terms Of Net Income And Adjusted EBITDA As Compared To The Previously Reported Quarterly Results For 2024. Our Continued Financial And Operational Improvements Reflect The Considerable Effort Put Forth By Our Employee Group And The Execution Of Our Corporate Strategy Towards The Convergence Of Innovative Data And Chemical Solutions."

Watching Shares Of Flotek; Traders Circulate Co. Mentioned As Zack's Under 10 Pick

Roth MKM analyst Gerry Sweeney maintains Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) with a Buy and raises the price target from $6.5 to $8.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on Flotek Industries, Raises Price Target to $8

WIIM

Flotek Industries shares are trading higher after the company reported better-than-expected Q3 financial results.

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) .

Flotek Industries Expects adjusted EBITDA of $16.5M-$18.5M.

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $0.06 by 33.33 percent. The company reported quarterly sales of $49.742 million which beat the analyst consensus estimate of $48.453 million by 2.66 percent. This is a 5.23 percent increase over sales of $47.268 million the same period last year.

Earnings

Earnings Beats

Flotek Industries Q3 2024 GAAP EPS $0.08 Beats $0.06 Estimate, Sales $49.742M Beat $48.453M Estimate

Flotek Raises 2024 Adj. EBITDA Guidance Range From $10M-$16M To $14M-$18M

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 50 percent. This is a 150 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $46.152 million which beat the analyst consensus estimate of $46.072 million by 0.17 percent. This is a 8.78 percent decrease over sales of $50.594 million the same period last year.

Flotek Industries Q2 2024 GAAP EPS $0.06 Beats $0.04 Estimate, Sales $46.152M Beat $46.072M Estimate

Roth MKM analyst Gerry Sweeney initiates coverage on Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) with a Buy rating and announces Price Target of $6.5.

Initiation

Roth MKM Initiates Coverage On Flotek Industries with Buy Rating, Announces Price Target of $6.5

Flotek Industries' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) wholly owned subsidiary JP3 Measurement, a leader in innovative analytical measurement solutions, today announced that the Environmental Protection Agency (EPA) has designated the JP3 system as an approved measurement technology with respect to recently enacted flare regulations. This state-of-the-art optical instrument, designed for the precise measurement of net heating values (NHV) in flare gases, is the first to be approved as an alternative method under the new NSPS OOOOb regulations, supporting cleaner and more efficient operations across the oil and gas industry.

Flotek's JP3 Analyzer Receives EPA Approval For Oil And Gas Flare Monitoring Regulations

Flotek Industries To Join Russell Microcap Index Following 2024 Russell US Indexes Reconstitution, Effective July 1, 2024

Flotek Industries Sees FY24 Adj. Gross Profit Margin 18%-22%; Adj. EBITDA $10M-$16M

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 141.67 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $40.374 million which missed the analyst consensus estimate of $45.093 million by 10.47 percent. This is a 15.90 percent decrease over sales of $48.007 million the same period last year.

Earnings Misses

Flotek Industries Q1 2024 GAAP EPS $0.05 Beats $0.04 Estimate, Sales $40.374M Miss $45.093M Estimate

Alliance Global Partners analyst Jeff Grampp initiates coverage on Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) with a Buy rating and announces Price Target of $7.

Alliance Global Partners Initiates Coverage On Flotek Industries with Buy Rating, Announces Price Target of $7

Flotek Industries shares are trading higher. The company reported Q4 financial results.

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported its Q4 earnings results on Tuesday, March 12, 2024 at 04:04 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Flotek Industries missed estimated earnings by -22.0%, reporting an EPS of $0.07 versus an estimate of $0.09.
Revenue was down $6.03 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 11.0% drop in the share price the next day.

To track all earnings releases for Flotek Industries <a href="https://www.benzinga.com/quote/FTK/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Flotek Industries Q4 Earnings

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $42.188 million which missed the analyst consensus estimate of $47.250 million by 10.71 percent. This is a 12.50 percent decrease over sales of $48.217 million the same period last year.

Flotek Industries Q4 2023 GAAP EPS $0.07 Misses $0.08 Estimate, Sales $42.188M Miss $47.250M Estimate

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&bull; Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $226.02 million.
&bull; Eastern Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EML#NASDAQ">EML</a>) is likely to report earnings for its fourth quarter.
&bull; BRT Apartments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRT#NYSE">BRT</a>) is estimated to report earnings for its fourth quarter.
&bull; Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $87.21 million.
&bull; Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) is estimated to report earnings for its fourth quarter.
&bull; Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) is likely to report quarterly loss at $0.11 per share on revenue of $151.50 million.
&bull; Allbirds (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIRD#NASDAQ">BIRD</a>) is projected to report quarterly loss at $0.23 per share on revenue of $69.06 million.
&bull; Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $47.25 million.
&bull; PHX Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHX#NYSE">PHX</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $9.37 million.
&bull; Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) is likely to report quarterly loss at $0.15 per share on revenue of $33.79 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 12, 2024

Flotek Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTK#NYSE">FTK</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-03-12. Here's what investors need to know before the announcement.
Analysts estimate that Flotek Industries will report an earnings per share (EPS) of $0.09. 
Flotek Industries bulls will hope to hear the company 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).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 11.27% drop in the share price the next day.
Here's a look at Flotek Industries's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.01</td>
<td>-0.12</td>
<td>-0.48</td>
<td>-0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>-0.12</td>
<td>-0.12</td>
<td>-1.50</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-11.0%</td>
<td>-4.0%</td>
<td>5.0%</td>
<td>-14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710172875_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Flotek Industries were trading at $2.79 as of March 08. Over the last 52-week period, shares are down 53.47%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FTK/earnings">To track all earnings releases for Flotek Industries visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Flotek Industries's Earnings

Stock Split

Flotek Board Approves 1-for-6 Reverse Stock Split, Effective After Market Close Sept. 25

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Press Releases

Presentation Times and Schedule for Participating Companies Now Posted on the Conference Website for 29th Annual EnerCom Denver - The Energy Investment Conference

Investor One-on-One Meeting Requests Open for 29th Annual EnerCom Denver - The Energy Investment Conference, to be held August 18-21, 2024 in Denver, Colorado

Flotek Announces Increased 2024 Guidance and Continued Profitability Growth in Connection with Second Quarter 2024 Results

EnerCom's 29th Annual Energy Investment Conference is Set to be Held August 18-21, 2024 in Denver, Colorado

Flotek to Present at the 2024 Gateway Conference on September 4, 2024

Flotek Announces Timing of Third Quarter 2024 Earnings Release

Flotek Announces Increased 2024 Guidance, Improved Revenue, and Continued Profit Growth in Connection with Third Quarter 2024 Results

FLOTEK PROVIDES UPDATE ON PROPOSED AMENDMENTS TO EPA FLARE MONITORING REGULATIONS

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Sidoti Events, LLC's Virtual January Micro-Cap Conference

Flotek Industries Announces Timing of Fourth Quarter and Full-Year 2024 Earnings Release; Expects Strongest Quarterly Results of 2024

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