Zacks Research Has Negative Outlook of Flowserve Q3 Earnings

Key Points

• Zacks Research cut Flowserve’s Q3 2026 EPS estimate to $1.01 from $1.04, while maintaining broader FY2026 and later-year forecasts near or above consensus.
• Flowserve’s latest quarter beat expectations, reporting $0.95 EPS versus $0.86 expected and $1.17 billion in revenue versus $1.16 billion, though revenue fell 1.6% year over year.
• The stock opened at $77.73, below the analyst consensus price target of $86.60; despite mixed ratings, institutional investors own a substantial 93.93% of outstanding shares.

Flowserve Corporation (NYSE:FLS - Free Report) - Research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Flowserve in a report issued on Wednesday, August 19th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.04. The consensus estimate for Flowserve's current full-year earnings is $4.10 per share. Zacks Research also issued estimates for Flowserve's Q4 2026 earnings at $1.27 EPS, FY2026 earnings at $4.08 EPS, Q4 2027 earnings at $1.45 EPS, FY2027 earnings at $4.61 EPS, Q2 2028 earnings at $1.16 EPS and FY2028 earnings at $5.18 EPS.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada upped their price objective on shares of Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. TD Cowen lowered Flowserve from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Weiss Ratings upgraded shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Robert W. Baird set a $93.00 price target on Flowserve in a research report on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.60.

Flowserve Stock Down 1.3%

Shares of FLS stock opened at $77.73 on Thursday. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The stock's 50 day simple moving average is $75.10 and its 200 day simple moving average is $77.15. Flowserve has a twelve month low of $48.71 and a twelve month high of $92.41.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. Flowserve's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLS. BlackRock Inc. acquired a new position in shares of Flowserve in the 2nd quarter valued at $999,631,000. PointState Capital LP bought a new position in shares of Flowserve during the second quarter worth about $196,837,000. Bank of New York Mellon Corp bought a new position in shares of Flowserve during the 2nd quarter worth approximately $177,380,000. Bank of America Corp DE bought a new position in Flowserve in the second quarter valued at $144,400,000. Finally, Norges Bank bought a new position in shares of Flowserve in the 4th quarter valued at about $117,964,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve News Roundup

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Upward revisions to most earnings forecasts: Zacks Research raised its FY2026 EPS estimate to $4.08 from $4.03, FY2027 to $4.61 from $4.59, Q4 2027 to $1.45 from $1.37, Q2 2028 to $1.16 from $1.15, and FY2028 to $5.18 from $5.13. These changes indicate stronger expected earnings momentum beyond the immediate quarter.
• Positive Sentiment: Favorable industry backdrop: Zacks cited increased manufacturing activity, technological progress and strategic acquisitions as supportive trends for the general industrial manufacturing sector, naming Flowserve among stocks positioned to benefit. 4 Industrial Manufacturing Stocks to Gain on Robust Industry Trends
• Positive Sentiment: Recent analyst upgrade: Flowserve was upgraded to Zacks Rank #2 (Buy), reflecting increased confidence in its earnings prospects and potentially providing near-term support for the stock. Flowserve Upgraded to Buy
• Neutral Sentiment: Flowserve’s latest quarter exceeded expectations, with EPS of $0.95 versus the $0.86 consensus and revenue of $1.17 billion versus $1.16 billion expected. However, revenue declined 1.6% year over year, limiting the bullish impact.
• Negative Sentiment: Near-term estimate cut: Zacks lowered its Q3 2026 EPS forecast to $1.01 from $1.04. Although FY2026 earnings expectations remain close to the $4.10 consensus at $4.08, the quarterly reduction could encourage caution among investors focused on upcoming results.

About Flowserve

Flowserve Corporation NYSE: FLS is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve's offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve's product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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