Flowserve Reaffirms FY23 Outlook

RTTNews | 676 dias atrás
Stocktwits
Flowserve Reaffirms FY23 Outlook

(RTTNews) - Ahead of its 2023 Analyst Day later on Thursday, Flowserve Corp. (FLS) reaffirmed its earnings, adjusted earnings and revenue growth guidance for the full-year 2023. The company also initiated outlook for fiscal 2024.

For fiscal 2023, the company continues to project earnings in the range of $1.40 to $1.65 per share and adjusted earnings in the range of $1.85 to $2.00 per share on revenue growth of 16.0 to 18.0 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.98 per share on revenues of $4.23 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects adjusted earnings growth of over 20 to 25 percent year-over-year on revenue growth in the mid-single digit percentage year-over-year. The Street is looking for earnings of $2.41 per share on revenues of $4.50 billion for the year.

The company also targets adjusted earnings of over $4.00 per share on revenues of over $5.0 billion for fiscal 2027.

Marcadores : FLS
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Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 51 minutos atrás
Australian Market Extends Early Gains In Mid-market

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RTTNews | 1h 56min atrás
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Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.
RTTNews | 2h 22min atrás
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Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 2h 54min atrás
Additional Support Anticipated For Thai Stock Market

Additional Support Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 3h 26min atrás
Japanese Market Modestly Higher

Japanese Market Modestly Higher

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RTTNews | 3h 49min atrás
Rebound Called For Indonesia Stock Market

Rebound Called For Indonesia Stock Market

The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.
RTTNews | 3h 56min atrás
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,700 level, with gains across all sectors led by mining and technology stocks.
RTTNews | 4h 10min atrás
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