Forum Energy Technologies (FET) is set to report first-quarter earnings on May 2, before the opening bell.Let us analyze the factors that are expected to have influenced FET’s performance in the first quarter of 2025.Q1 Expectations for FETThe Zacks Consensus Estimate for Forum Energy’s earnings is pegged at 43 cents per share and that for revenues is pinned at $196.3 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The Zacks Consensus Estimate for first-quarter 2025 earning ...

Company Overview - Forum Energy Technologies, Inc. (FET) is a global manufacturer serving the oil and gas, industrial, and renewable energy sectors [1] - The company operates through two main segments: Drilling and Completions, and Artificial Lift and Downhole [1] Segment Details - The Drilling and Completions segment focuses on selling capital equipment [1] - The Artificial Lift and Downhole segment is also a key area of operation for the company [1]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Forum Energy Technologies (FET) as a strong candidate for value investors due to its attractive financial metrics and strong earnings outlook [2][7]. Company Analysis - Forum Energy Technologies (FET) has a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating it is among the strongest value stocks currently available [4]. - FET's P/E ratio stands at 7.35, significantly lower than the industry average of 11.41, suggesting it may be undervalued [4]. - The stock's Forward P/E has fluctuated between 6.63 and 49.18 over the past 52 weeks, with a median of 36.35, indicating volatility in its valuation [4]. - FET's P/B ratio is 0.58, which is attractive compared to the industry's average P/B of 0.99, further supporting the notion of undervaluation [5]. - The P/S ratio for FET is 0.23, compared to the industry average of 0.65, reinforcing its status as a potentially undervalued stock [6]. Industry Context - The article discusses the broader trend of value investing, which remains popular across various market conditions, and highlights the metrics used by value investors to identify undervalued companies [2][3].

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are ...

Therefore, the Zacks rating upgrade for Forum Energy basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Most Powerful Force Impacting Stock Prices Investors might want to bet on Forum Energy Technologies (FET) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole deter ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 31st: Kingstone Companies, Inc. (KINS) : This property and casualty insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.6% over the last 60 days. Kingstone has a price-to-earnings ratio (P/E) of 8.94, compared with 20.18 for the S&P 500. The company possesses a Value Score of A. Forum Energy Technologies, Inc. (FET) : Th ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Forum Energy Technologies (FET) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Forum Energy Technologies is a member of our Oils-Energy g ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Company Spotlight - Forum Energy Technologies (FET) - FET has shown a price increase of 12.3% over the past four weeks, indicating growing investor interest [4] - The stock has gained 32.6% over the past 12 weeks, with a beta of 2.33, suggesting it moves 133% higher than the market [5] - FET has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - FET is trading at a Price-to-Sales ratio of 0.31, suggesting it is undervalued at 31 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides FET, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Financial Performance - Total revenue for 2024 was $816.4 million, an increase of $77.6 million, or 10.5%, compared to 2023[195] - The Drilling and Completions segment generated $470.8 million in revenue, a decrease of $31.9 million, or 6.3%, from 2023[195] - The Artificial Lift and Downhole segment reported revenue of $345.7 million, an increase of $109.4 million, or 46.3%, compared to 2023[196] - The company experienced a net loss of $135.3 million in 2024, compared to a net loss of $18.9 million in 2023[194] - Segment operating income for the year ended December 31, 2024 was $35.7 million, an increase from $23.8 million in 2023, with an operating margin percentage of 4.4% compared to 3.2% in 2023[197] - Operating income for the Artificial Lift and Downhole segment increased by 54.8% to $48.9 million in 2024[194] Market Conditions - The global drilling rig count decreased by 4.3% in 2024, primarily due to a 12.8% decline in the U.S. rig count[189] - Average West Texas Intermediate (WTI) crude oil price was $76.45 per barrel in 2024, down from $77.58 in 2023[190] - Average Henry Hub natural gas price was $2.19 per Mcf in 2024, compared to $2.53 in 2023[190] Orders and Capital Expenditures - Total inbound orders for 2024 were $780.3 million, an increase from $724.3 million in 2023[192] - The company expects total capital expenditures for 2025 to be approximately $10.0 million, mainly for replacing end-of-life machinery and equipment[210] Cash Flow and Investments - Net cash provided by operating activities was $92.2 million for 2024, significantly higher than $8.2 million in 2023, with improved inventory management contributing to this increase[214] - Net cash used in investing activities was $137.5 million in 2024, primarily for the Variperm acquisition of $150.4 million and capital expenditures of $8.1 million[215] - The company completed the Variperm acquisition for $150.0 million in cash and 2.0 million shares of common stock in January 2024[213] - The company repurchased approximately 105 thousand shares of common stock for $2.0 million following the board's approval of a $75.0 million share repurchase program[212] Tax and Valuation - For the year ended December 31, 2024, the company recognized a tax expense for valuation allowances totaling $25.1 million related to deferred tax assets[234] - The valuation allowance for U.S. deferred tax assets increased by $29.5 million, along with a $6.9 million increase for certain non-U.S. deferred tax assets in the U.K., Singapore, and China[234] - The company released $11.3 million of valuation allowance on deferred tax assets generated from operations in Germany and Saudi Arabia as they were determined no longer required[234] - The company follows the liability method of accounting for income taxes, recognizing deferred tax assets only if they are more likely than not to be realized[234] Impairment and Fair Value - An impairment loss of $119.1 million was recorded on intangible assets within the Coiled Tubing product line in 2024[232] - As of October 1, 2024, the estimated fair value of the reporting unit exceeded its carrying value by approximately 20%[230] - The company performed an annual impairment test for goodwill and concluded no impairment was necessary due to fair value estimates[230] - The company has significant inherent uncertainties and management judgment in estimating the fair value of the reporting unit[230] - Changes in the operating environment, including tax law changes, could impact the determination of tax liabilities for the company[236] Corporate Expenses - Corporate selling, general and administrative expenses increased by $3.7 million to $31.0 million in 2024, mainly due to higher variable compensation costs[199] - Interest expense for the year ended December 31, 2024 was $31.5 million, an increase of $13.2 million compared to 2023, attributed to increased borrowings related to the Variperm acquisition[202] Future Outlook - The company expects long-term energy demand to rise, with hydrocarbons continuing to play a vital role alongside renewable energy sources[183]

Core Insights - Forum Energy Technologies, Inc. (FET) reported Q4 2024 financial results with revenue of $201.0 million, adjusted EBITDA of $22.2 million, and adjusted net income of ($5.9) million, which were in line with revenue expectations but fell short on adjusted EBITDA and net income [1] Financial Performance - Revenue of $201.0 million was consistent with consensus estimates of $201.9 million [1] - Adjusted EBITDA of $22.2 million was below expectations of $24.1 million, resulting in an adjusted EBITDA margin of 11.0% [1] - Adjusted net income of ($5.9) million was lower than the expected $1.0 million due to weaker operating profit margins and the release of a valuation allowance on deferred tax assets in Germany and Saudi Arabia [1] Key Metrics - Free cash flow (FCF) for Q4 2024 was $56.9 million, an increase of $32.4 million sequentially [3] - Revenue from Artificial Lift and Downhole services increased by 6.8% sequentially to $89.9 million [3] - FET initiated a $75.0 million share repurchase program [3]