TechnipFMC-FMC Technologies (FTI) Misses Q1 Earnings and Revenue Estimates

Core Viewpoint - FMC Technologies reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of$ 0.36 per share, but showing an increase from $0.22 per share a year ago [1][2] Financial Performance - The company posted revenues of$ 2.23 billion for the quarter, missing the Zacks Consensus Estimate by 1.07%, compared to $2.04 billion in the same quarter last year [3] - The earnings surprise for the quarter was -8.33%, while the company had a positive surprise of 54.29% in the previous quarter [2] Market Performance - FMC Technologies shares have declined approximately 13.5% since the beginning of the year, while the S&P 500 has decreased by 8.6% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is$ 0.54 on revenues of $2.5 billion, and for the current fiscal year, it is$ 2.06 on revenues of $9.89 billion [8] - The outlook for the Oil and Gas - Field Services industry is currently in the bottom 40% of Zacks industries, which may impact stock performance [9]