
Flowserve (FLS) Stock Forecast & Price Target
Flowserve (FLS) Analyst Ratings
Bulls say
Flowserve Corp demonstrated strong financial performance, reporting a 4.0% organic sales growth and a 6.4% increase in core sales for its FCD segment, reflecting solid demand across various end markets, particularly within the oil and gas sector. Notably, bookings in the oil and gas division increased by 7% year-over-year, driven primarily by robust activity in the Middle East, alongside a substantial 14% rise in original equipment bookings that span traditional and emerging energy markets. Furthermore, the company's adjusted operating margin is projected to expand by at least 200 basis points, signaling operational efficiency improvements and a positive trajectory for profitability.
Bears say
Flowserve Corp reported an adjusted EPS of $0.62 for 3Q24, which was 5 cents or 7% below consensus expectations, primarily affected by a noncash accrual adjustment related to legacy asbestos liabilities. The company has experienced persistent weakness for approximately 18 months and has reiterated its 2024 EPS guidance at a midpoint that also falls below consensus by 5 cents. Additionally, Flowserve is trading at a significant discount relative to its SMID-cap peers and anticipates lower revenue growth in the upcoming quarter, particularly due to decreased Percentage of Completion revenue compared to the prior year's fourth quarter.
This aggregate rating is based on analysts' research of Flowserve and is not a guaranteed prediction by Public.com or investment advice.
Flowserve (FLS) Analyst Forecast & Price Prediction
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