Wall Street brokerages expect Flow International Corp (NASDAQ:FLOW) to announce $0.49 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Flow International’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.45. Flow International reported earnings of $0.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Flow International will report full-year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.20 to $1.25. For the next year, analysts expect that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.18 to $2.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Flow International.
Flow International (NASDAQ:FLOW) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $491.10 million during the quarter, compared to the consensus estimate of $493.53 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Flow International’s revenue for the quarter was up 5.2% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Flow International by 2.1% in the third quarter. Rhumbline Advisers now owns 84,917 shares of the company’s stock valued at $3,274,000 after purchasing an additional 1,735 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Flow International by 23.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock worth $998,000 after acquiring an additional 4,976 shares during the period. Thompson Investment Management Inc. boosted its stake in shares of Flow International by 17.0% during the 3rd quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock worth $834,000 after acquiring an additional 3,150 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Flow International during the 2nd quarter worth approximately $337,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Flow International during the 3rd quarter worth approximately $319,000.
Shares of Flow International (NASDAQ:FLOW) traded up $0.09 during trading on Monday, reaching $45.99. The company had a trading volume of 440,477 shares.
WARNING: “$0.49 EPS Expected for Flow International Corp (FLOW) This Quarter” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.com-unik.info/2017/12/11/0-49-eps-expected-for-flow-international-corp-flow-this-quarter.html.
About Flow International
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Flow International Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Flow International Corp and related companies.