FTI Consulting Inc. (FCN) had an impressive run over the year-to-date period. The stock has gained 13% compared with the 9.9% rally of its industry. FCN reported impressive second-quarter 2024 results. Quarterly earnings per share of $2.34 surpassed the Zacks Consensus Estimate by 19.4% and increased 33.7% year over year. Total revenues of $949.2 million beat the consensus mark by 2.1% and increased 9.8% from the year-ago quarter. How is FTI Consulting Doing? FCN's top line is aided by its diversified offer ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is FMC Technologies (FTI) one of those stocks right now? Let's take a closer look at the stock's yearto-date performance to find out. FMC Technologies is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within th ...

Industry Overview - The global subsea market is projected to exceed $42 billion in capital investments by 2027, with a compound annual growth rate (CAGR) of 10% expected from 2024 to 2027, driven by increased operator spending on subsea equipment and installation services [1] Subsea Market Segmentation - Deepwater projects are anticipated to dominate the subsea market, representing 45% of the segment from 2024 to 2028, with significant initiatives in Brazil and Norway [2] - Ultra-deepwater developments are expected to capture 35% of the market, particularly in Brazil and Guyana, which are projected to lead in subsea installations [3] Emerging Opportunities - The subsea sector is expanding beyond traditional oil and gas, with the drive for Carbon Capture and Storage (CCS) creating new opportunities and necessitating innovation within the market [4] Key Companies - Companies like TechnipFMC and SLB are well-positioned to benefit from the projected capital influx in subsea projects, particularly in Brazil, Norway, and Guyana [5] - TechnipFMC is recognized for optimizing subsea fields and has a significant role in ExxonMobil's and Petrobras' subsea projects [6] - SLB, through its joint venture OneSubsea, focuses on transforming subsea production economics and reducing emissions, leveraging deep reservoir expertise and advanced technology [7]

WASHINGTON, Aug. 13, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its global Construction, Projects & Assets practice with the appointments of Thomas Thompson as a Senior Managing Director in Houston and Stuart McIvor as a Managing Director in Dubai. Mr. Thompson has more than three decades of experience in the construction and engineering industries, executing large-scale projects and programs globally. His experience includes project management advisory, opera ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

What's Driving the Outperformance? FMC Technologies may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level. In terms of its value breakdown, the stock currently trades at 24.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 19.4X. On a trailing cash flow basis, the stock currently trades at 22.1X versu ...

The unit's adjusted EBITDA decreased 1.9% to $46 million. The figure beat our estimate of $40.5 million. The segment's inbound orders fell 23.6% year over year. The quarter-end backlog also decreased 18.3% in the same time frame. Important Energy Earnings So Far As of Jun 30, 2024, the company reported $2.1 billion in cash and cash equivalents and $7.6 billion in longterm debt, representing a debt-to-capitalization ratio of 43.2. HAL also bought back $250 million worth of its stock in the April-June period. ...

21 Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. Three Months Ended Six Months Ended | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|--------|--------------------------------|-----------------|---------------------|---- ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FMC Technologies shares have added about 35.5% since the beginning of the year versus the S&P 500's gain of 13.8%. While FMC Technologies has outperformed the market so far this year, the question that comes to investors' ...

Second Quarter 2024 Revenues of $949.2 Million, Up 10% Compared to $864.6 Million in Prior Year Quarter Second Quarter 2024 EPS of $2.34, Up 34% Compared to $1.75 in Prior Year Quarter Company Raises Full Year 2024 Revenue and EPS Guidance Ranges to Reflect Record First Half of 2024 WASHINGTON, July 25, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today released financial results for the second quarter ended June 30, 2024. Second quarter 2024 revenues of $949.2 million increased $84.6 million, ...