Why Flotek Industries (FTK) is Poised to Beat Earnings Estimates Again

Core Insights - Flotek Industries is positioned to potentially continue its earnings-beat streak, particularly in the upcoming earnings report [1] - The company has a strong history of exceeding earnings estimates, with an average surprise of 111.67% over the last two quarters [1][2] Earnings Performance - In the last reported quarter, Flotek Industries achieved earnings of $0.17 per share, surpassing the Zacks Consensus Estimate of $0.06 per share, resulting in a surprise of 183.33% [2] - In the previous quarter, the company was expected to post earnings of $0.10 per share but delivered $0.14 per share, yielding a surprise of 40.00% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Flotek Industries, with a positive Earnings ESP of +28.00%, indicating increased analyst optimism regarding its near-term earnings potential [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [5][8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]