Flotek(US:FTK) ZACKSยท2024-11-04 23:15Core Viewpoint - Flotek Industries reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and showing an increase from $0.04 per share a year ago, indicating a positive earnings surprise of 14.29% [1][2] Financial Performance - The company posted revenues of $49.74 million for the quarter ended September 2024, which was 1.31% below the Zacks Consensus Estimate, and an increase from $47.27 million year-over-year [2] - Over the last four quarters, Flotek Industries has only surpassed consensus EPS estimates once [2] Stock Performance - Flotek Industries shares have increased approximately 29.3% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $52.8 million, and for the current fiscal year, it is $0.27 on revenues of $189.7 million [7] - The estimate revisions trend for Flotek Industries is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Flotek Industries belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges ahead [8]