FMC Technologies’ Q1 EPS Estimates Rise 5.62%, Full-Year Forecast Up 5.36%
FMC Technologies’ consensus EPS estimate for the current quarter rose 5.62% over the last 30 days to $0.56 per share, marking a 69.7% year-over-year increase. Full-year EPS estimates climbed 5.36% to $2.89, supporting a 6.7% stock gain and a Zacks Rank #1 (Strong Buy).
1. Earnings Estimate Revisions
Over the past 30 days, eight analysts raised FMC Technologies’ current-quarter EPS estimate while one lowered it, driving the consensus up 5.62% to $0.56 per share, a 69.7% increase year-over-year. For the full year, 10 upward revisions and no downgrades lifted the EPS forecast by 5.36% to $2.89.
2. Stock Performance Impact
The boost in earnings outlook coincided with a 6.7% gain in FMC Technologies’ stock over the past four weeks, reflecting investor confidence in the company’s equipment and services growth prospects and potential near-term price momentum.
3. Zacks Rank Context
FMC Technologies earned a Zacks Rank #1 (Strong Buy) based on its robust estimate revisions, a rating category that has historically delivered an average annual return of 25% for similarly ranked stocks since 2008.