Flowserve Corporation ($FLS) Stock Forecast: Down 6.4% Today

What is Flowserve Corporation?

Flowserve (FLS) is a corporation that specializes in providing flow control products and services for various industries. The stock had a bearish movement today.

Why is Flowserve Corporation going down?

FLS stock is down 6.4% on Oct 28, 2023 11:00

• Flowserve's Q3 earnings and revenue surpassed estimates, indicating strong financial performance.
• The company's profit for the quarter increased from last year, beating Street estimates.
• Flowserve's Non-GAAP EPS of $0.50 beat expectations by $0.07, showcasing positive earnings growth.
• Despite the positive financial results, the stock experienced a bearish movement, suggesting that other factors may have influenced the market sentiment.

FLS Price Chart

FLS News

Stocks Showing Market Leadership: Flowserve Earns 91 RS Rating

On Friday, Flowserve ( FLS ) hit an important technical milestone, seeing its Relative Strength ( RS ) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before. X When looking for the best stocks to buy and watch, one factor to watch closely is relative ...

https://www.investors.com/ibd-data-stories/stocks-showing-market-leadership-flowserve-earns-91-rs-rating/

Flowserve Corporation (FLS) Q3 2023 Earnings Call Transcript

Flowserve Corporation (NYSE:NYSE:FLS) Q3 2023 Results Conference Call October 26, 2023 11:00 AM ETCompany ParticipantsJay Roueche - Vice President, Investor…

https://seekingalpha.com/article/4644132-flowserve-corporation-fls-q3-2023-earnings-call-transcript?source=feed_all_articles

Flowserve ( FLS ) Surpasses Q3 Earnings and Revenue Estimates

Flowserve (FLS) delivered earnings and revenue surprises of 21.95% and 7.31%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2172152/flowserve-fls-surpasses-q3-earnings-and-revenue-estimates

Flowserve Corporation Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Flowserve Corporation (FLS) released a profit for its third quarter that increased from last year and beat the Street estimates.The company''s bottom line came in at $46.16 m…

https://www.finanznachrichten.de/nachrichten-2023-10/60467300-flowserve-corporation-q3-profit-increases-beats-estimates-020.htm

Flowserve Non-GAAP EPS of $0.50 beats by $0.07, revenue of $1.09B beats by $60M

Flowserve beats Q3 earnings expectations with $0.50 Non-GAAP EPS, exceeding estimates by $0.07.

https://seekingalpha.com/news/4024378-flowserve-non-gaap-eps-of-0_50-beats-0_07-revenue-of-1_09b-beats-60m?feed_item_type=news

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Flowserve Corporation Price History

26.09.2023 - FLS Stock was up 5.4%

• Flowserve (FLS) reported Q3 earnings and revenue that surpassed estimates, indicating strong financial performance.
• The company's profit for the quarter increased from last year and beat Street estimates, further boosting investor confidence.
• Flowserve's Non-GAAP EPS of $0.50 beat expectations by $0.07, showcasing positive growth.
• Analysts are optimistic about Flowserve's earnings report and hope for positive guidance, potentially driving further growth in the stock.