Why Flowserve Stock Soared Today
Flowserve (NYSE: FLS) stock surged ahead 25.1% through 10:35 a.m. ET Wednesday despite reporting mixed earnings last night.
Heading into the Q3 report, analysts forecast Flowserve would earn only $0.80 per share non-GAAP (generally accepted accounting principles) on sales of just over $1.2 billion. In fact, Flowserve earned $0.90, while its sales underperformed, coming in just below $1.2 billion.
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Source Fool.com
Flowserve Corp. Stock
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-0.820%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 66 € there is a slightly positive potential of 9.09% for Flowserve Corp. compared to the current price of 60.5 €.
