Why Flowserve Stock Soared Today
Flowserve (NYSE: FLS) stock surged ahead 25.1% through 10:35 a.m. ET Wednesday despite reporting mixed earnings last night.
Heading into the Q3 report, analysts forecast Flowserve would earn only $0.80 per share non-GAAP (generally accepted accounting principles) on sales of just over $1.2 billion. In fact, Flowserve earned $0.90, while its sales underperformed, coming in just below $1.2 billion.
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Source Fool.com
Flowserve Corp. Stock
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-0.670%
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
On the other hand, the target price of 74 € is below the current price of 74.5 € for Flowserve Corp., so the potential is actually -0.67%.
