Flowserve Reaffirms FY23 Outlook

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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.

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Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, gathering almost 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,245-point plateau and it's expected to open under pressure on Wednesday.
RTTNews | il y a 28 minutes
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening well in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 40,550 level, with gains in automakers, exporters and financial stocks partially offset by weakness in technology stocks.
RTTNews | il y a 50 minutes
Indonesia Stock Market May Open In The Red On Wednesday

Indonesia Stock Market May Open In The Red On Wednesday

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just above the 7,515-point plateau and it may hand back Tuesday's gains on Wednesday.
RTTNews | il y a 58 minutes
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | il y a 1h 11min
Hong Kong Shares Due For Consolidation On Wednesday

Hong Kong Shares Due For Consolidation On Wednesday

The Hong Kong stock market has moved higher in consecutive trading days, advancing almost 400 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 24,900-point plateau although investors may lock in gains on Wednesday.
RTTNews | il y a 1h 13min
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in consecutive trading days, gathering almost 60 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,620-point plateau although it may spin its wheels on Wednesday.
RTTNews | il y a 1h 28min
New Zealand Jobless Rate Climbs To 5.2% In Q2

New Zealand Jobless Rate Climbs To 5.2% In Q2

The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
RTTNews | il y a 1h 55min
Taiwan Shares May Head South Again On Wednesday

Taiwan Shares May Head South Again On Wednesday

The Taiwan stock market on Tuesday wrote a finish to the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 23,660-point plateau although it may see renewed consolidation on Wednesday.
RTTNews | il y a 1h 58min
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