TechnipFMC’s Q2 2018 earnings estimates
In Q2 2018, analysts expect TechnipFMC (FTI) to post adjusted EPS of $0.38, a 37% increase compared to the Q1 2018 adjusted earnings of $0.28 per share. Recovery in the offshore projects, increased demand for FTI’s integrated pad offering, which services the unconventional shale market, and the positive impact from the adoption of a new revenue recognition accounting standard could result in the Q2 2018 earnings improvement. FTI plans to announce its Q2 2018 earnings on July 25.
Analyst estimates for FTI’s peers
In comparison, Wall Street analysts expect Helmerich & Payne (HP) to post a Q2 2018 adjusted profit of $0.03 per share compared to its adjusted loss of $0.05 per share in Q1 2018. Analysts expect Core Laboratories’ (CLB) Q2 2018 adjusted earnings to rise 3% compared to its adjusted Q1 2018 earnings. Weatherford International (WFT) is expected to see marginally improved Q2 2018 adjusted earnings of -$0.18 compared to its Q1 2018 earnings of -$0.19.
FTI’s Q2 2018 revenue estimates
In Q2 2018, Wall Street analysts expect TechnipFMC’s revenues to increase 2.4% over Q1 2018. In Q2 2018, FTI is expected to generate $3.20 billion in revenues.
In this series, we’ll discuss TechnipFMC’s value drivers and what the market indicators are suggesting for FTI. We’ll start with what affected TechnipFMC’s financial results in Q1 2018 in the next part.