Forum Energy Technologies Announces Third Quarter 2018 Results

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Forum Energy Technologies (FET) PT Lowered to $10 at Credit Suisse

October 31, 2018 8:21 AM EDT

Credit Suisse analyst Jacob Lundberg lowered the price target on Forum Energy Technologies (NYSE: FET) to $10.00 (from $12.00) while maintaining a Neutral rating.

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Forum Energy Technologies (FET) Tops Q3 EPS by 1c, Revenues Miss

October 29, 2018 5:35 PM EDT

Forum Energy Technologies (NYSE: FET) reported Q3 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $267 million versus the consensus estimate of $283.87 million.

Orders of $275 million in 3Q18, book to bill ratio of 103%Revenue of $267 million in 3Q18, up 34% y/y and (3%) q/qDiluted EPS of $(0.03) and adjusted... More