Sidoti Csr Has Negative Estimate for FET FY2026 Earnings

Key Points

• Sidoti Csr has lowered its earnings per share (EPS) estimate for Forum Energy Technologies for FY2026 from $2.09 to $1.92, reflecting concerns over the company's performance.
• The company reported a loss of $0.10 per share for its last quarterly earnings, missing analysts' expectations, while revenues showed a slight increase compared to estimates.
• Forum Energy Technologies has received several downgrades from analysts, with a consensus rating of "Sell," indicating negative sentiment towards its stock performance.

Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Equities research analysts at Sidoti Csr cut their FY2026 earnings per share (EPS) estimates for Forum Energy Technologies in a report released on Thursday, October 9th. Sidoti Csr analyst S. Ferazani now forecasts that the oil and gas company will post earnings of $1.92 per share for the year, down from their prior forecast of $2.09. Sidoti Csr also issued estimates for Forum Energy Technologies' FY2027 earnings at $2.81 EPS.

Forum Energy Technologies (NYSE:FET - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.25). The business had revenue of $199.80 million for the quarter, compared to analyst estimates of $190.50 million. Forum Energy Technologies had a negative return on equity of 2.51% and a negative net margin of 13.65%.

A number of other equities analysts also recently weighed in on FET. Zacks Research downgraded Forum Energy Technologies from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Forum Energy Technologies in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

Forum Energy Technologies Price Performance

Shares of NYSE FET opened at $25.33 on Monday. The business's 50 day moving average price is $25.11 and its two-hundred day moving average price is $19.95. The company has a market cap of $301.42 million, a PE ratio of -2.85, a price-to-earnings-growth ratio of 6.25 and a beta of 0.89. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. Forum Energy Technologies has a twelve month low of $12.78 and a twelve month high of $28.78.

Hedge Funds Weigh In On Forum Energy Technologies

Several institutional investors and hedge funds have recently made changes to their positions in FET. GAMMA Investing LLC grew its position in shares of Forum Energy Technologies by 1,911.1% in the first quarter. GAMMA Investing LLC now owns 2,172 shares of the oil and gas company's stock valued at $44,000 after purchasing an additional 2,064 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Forum Energy Technologies by 3.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 278,331 shares of the oil and gas company's stock valued at $5,770,000 after buying an additional 10,066 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Forum Energy Technologies in the first quarter valued at approximately $206,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Forum Energy Technologies by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,342 shares of the oil and gas company's stock valued at $671,000 after buying an additional 1,480 shares during the period. Finally, Headlands Technologies LLC boosted its stake in shares of Forum Energy Technologies by 196.6% in the first quarter. Headlands Technologies LLC now owns 1,237 shares of the oil and gas company's stock valued at $25,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 65.60% of the company's stock.

About Forum Energy Technologies

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.

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