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Flowserve Corporation ($FLS) Stock Forecast: Up 1.7% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Flowserve Corporation?

Flowserve (FLS) is a company specializing in fluid motion and control products and services across different industries including oil and gas, power, chemical, and water.

Why is Flowserve Corporation going up?

FLS stock is up 1.7% on Oct 29, 2024 14:51

  • Despite falling short of Q3 earnings expectations, the company saw a notable bullish trend in its performance.
  • Investors could be considering the company's potential for growth and robust future guidance amidst this scenario.
  • The positive market response may be linked to strategic announcements or cost-saving measures introduced by Flowserve's leadership.
  • Overall market sentiments or industry patterns could be influencing the upbeat stock movement despite the earnings setback.

FLS Price Chart

FLS Technical Analysis

FLS News

Flowserve ( FLS ) Misses Q3 Earnings Estimates

Flowserve (FLS) delivered earnings and revenue surprises of -7.46% and 0.52%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2359009/flowserve-fls-misses-q3-earnings-estimates

0 Missing News Article Image Flowserve ( FLS ) Misses Q3 Earnings Estimates

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Flowserve Corporation Price History

26.09.2023 - FLS Stock was up 5.4%

  • Flowserve (FLS) reported Q3 earnings and revenue that surpassed estimates, indicating strong financial performance.
  • The company's profit for the quarter increased from last year and beat Street estimates, further boosting investor confidence.
  • Flowserve's Non-GAAP EPS of $0.50 beat expectations by $0.07, showcasing positive growth.
  • Analysts are optimistic about Flowserve's earnings report and hope for positive guidance, potentially driving further growth in the stock.

24.08.2024 - FLS Stock was up 5.1%

  • FLS stock experienced a strong bullish movement today.
  • Siemens partnering with E.ON to expand the EV charging network in Europe likely boosted investor confidence in the electric vehicle sector.
  • The partnership signifies a significant step towards the widespread adoption of electric vehicles, which could positively impact companies like FLS that provide products for this industry.
  • The news of expanding EV infrastructure in Europe might have led investors to believe in the growth potential of FLS, contributing to the bullish movement in the stock price.

29.09.2024 - FLS Stock was up 1.7%

  • Despite falling short of Q3 earnings expectations, the company saw a notable bullish trend in its performance.
  • Investors could be considering the company's potential for growth and robust future guidance amidst this scenario.
  • The positive market response may be linked to strategic announcements or cost-saving measures introduced by Flowserve's leadership.
  • Overall market sentiments or industry patterns could be influencing the upbeat stock movement despite the earnings setback.

28.09.2023 - FLS Stock was down 6.4%

  • Flowserve's Q3 earnings and revenue surpassed estimates, indicating strong financial performance.
  • The company's profit for the quarter increased from last year, beating Street estimates.
  • Flowserve's Non-GAAP EPS of $0.50 beat expectations by $0.07, showcasing positive earnings growth.
  • Despite the positive financial results, the stock experienced a bearish movement, suggesting that other factors may have influenced the market sentiment.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.