TechnipFMC to Report Q4 Earnings: What's in the Offing?

Core Viewpoint - TechnipFMC plc (FTI) is expected to report fourth-quarter results on February 27, with earnings estimated at 36 cents per share and revenues of $2.3 billion [1]. Group 1: Previous Quarter Performance - In the last reported quarter, FTI exceeded the consensus estimate with adjusted earnings per share of 64 cents, surpassing the Zacks Consensus Estimate of 39 cents [3]. - Revenues for the last quarter were$2.3 billion, slightly above the Zacks Consensus Estimate by 0.5% [3]. - FTI has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average earnings surprise of 39.25% [3]. Group 2: Estimate Revisions and Year-over-Year Comparisons - The Zacks Consensus Estimate for fourth-quarter fiscal 2024 earnings has remained unchanged over the past week, indicating a year-over-year increase of 157.14% [4]. - The revenue estimate suggests a 10.57% increase compared to the same period last year [4]. Group 3: Factors Influencing Upcoming Results - FTI's revenues are projected to have increased to $2,255.7 million from$2,077.7 million in the previous year, driven by strong performance in the Subsea segment [5]. - The Subsea segment's revenues are expected to rise by 12.4% year-over-year, totaling $1,933.2 million [6]. Group 4: Cost Considerations - Total costs and expenses for FTI are anticipated to have increased by 4.2$2,020.4 million in the fourth quarter [7]. - The cost-of-service revenues are expected to rise by 31.4% year-over-year, reaching $1,099 million, influenced by inflation and a tight labor market [7]. Group 5: Earnings Prediction Model - The Zacks model does not indicate a definitive earnings beat for FTI this quarter, as the Earnings ESP is -7.04% [8][9]. - FTI currently holds a Zacks Rank of 3, suggesting a neutral outlook [9].