Summary Highlights:
- TechnipFMC (FTI, Financial) reported a Q1 non-GAAP EPS of $0.33, missing estimates by $0.04.
- The company's revenues reached $2.23 billion, slightly under analysts' expectations by $20 million.
- TechnipFMC secured substantial inbound orders of $3.1 billion, with a backlog totaling $15.8 billion.
TechnipFMC's Q1 Performance Analysis
TechnipFMC (FTI) encountered a slight setback in its Q1 financial performance, with a non-GAAP EPS of $0.33 that fell short of expectations by $0.04. The company's revenue reached $2.23 billion, which, although impressive, was $20 million below analysts' projections. Despite these minor misses, TechnipFMC has shown resilience, posting substantial inbound orders amounting to $3.1 billion and maintaining a strong backlog of $15.8 billion.
Wall Street Analysts Forecast
Wall Street analysts have provided optimistic one-year price targets for TechnipFMC PLC (FTI, Financial), with an average target price of $34.57. The estimates range from a high of $43.00 to a low of $24.00, suggesting an average potential upside of 38.10% from the current trading price of $25.03. For a comprehensive breakdown of these estimates, you can visit the TechnipFMC PLC (FTI) Forecast page.
Brokerage Recommendations
The consensus rating from 24 brokerage firms places TechnipFMC PLC (FTI, Financial) in an "Outperform" category, with an average recommendation score of 2.0. The rating scale used ranges from 1 to 5, where a rating of 1 indicates a Strong Buy, while a rating of 5 signifies a Sell. This positive brokerage sentiment suggests confidence in TechnipFMC's potential to perform well in the market.
Valuation Insights via GuruFocus Metrics
According to GuruFocus estimates, the projected GF Value for TechnipFMC PLC (FTI, Financial) in one year is estimated at $26.40, representing an upside of 5.47% from its current price of $25.03. The GF Value is an approximation of the stock's fair value, considering historical trading multiples, past business growth, and future performance projections. For further valuation insights, please visit the TechnipFMC PLC (FTI) Summary page.
