Post-earnings recap
Reported
Wed, Oct 27, 2021
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
75%
—
Est. EPS
—
Est. Rev
—
Impl. Move
—
Flowserve Corp's earnings report indicates challenges with profitability, as evidenced by the EPS miss. The stock reacted negatively, dropping 2.75%, likely due to concerns over supply chain issues and rising costs. Investors may be cautious as there was no guidance provided for future quarters.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.29 | N/A | -26.95% |
| Revenue | N/A | N/A | N/A |
Management expressed concerns about supply chain disruptions and cost pressures. They did not provide any forward-looking guidance.
Management highlighted ongoing challenges in the supply chain.
They acknowledged the impact of rising costs on profitability.
There was no specific guidance provided for future performance.