TechnipFMC (FTI) Tops Q3 EPS by 25c; updates guidance

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Go back to TechnipFMC (FTI) Tops Q3 EPS by 25c; updates guidance

BTIG Reiterates Buy Rating on TechnipFMC (FTI)

October 24, 2024 9:28 AM EDT

BTIG analyst Greg Lewis reiterated a Buy rating and $33.00 price target on TechnipFMC (NYSE: FTI).

The analyst comments "FTI reported 3Q24 earnings (BMO) with adj. EBITDA of ~$386M which was ~4% above consensus' estimate of ~$373M, driven by lower-than-expected operating costs. Subsea revenues of ~$2.0B (in line with consensus) were up ~1% sequentially as higher activity in APAC, LatAm,... More