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Forum Energy Technologies Inc

$26.04

Earnings Summary

Revenue
$155.17Mn
Net Profits
$-9.2Mn
Net Profit Margins
-5.93%

Highlights

Revenue:

Forum Energy Technologies Inc’s revenue jumped 35.5% since last year same period to $155.17Mn in the Q1 2022. On a quarterly growth basis, Forum Energy Technologies Inc has generated 4.85% jump in its revenue since last 3-months.

Net Profits:

Forum Energy Technologies Inc’s net profit jumped 68.99% since last year same period to $-9.2Mn in the Q1 2022. On a quarterly growth basis, Forum Energy Technologies Inc has generated 51.58% jump in its net profits since last 3-months.

Net Profit Margins:

Forum Energy Technologies Inc’s net profit margin jumped 77.11% since last year same period to -5.93% in the Q1 2022. On a quarterly growth basis, Forum Energy Technologies Inc has generated 53.82% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Forum Energy Technologies Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.57
EPS Estimate Current Year
-0.57

Highlights

EPS Estimate Current Quarter:

Forum Energy Technologies Inc’s earning per share (EPS) estimates for the current quarter stand at -0.57 - a 28.75% jump from last quarter’s estimates.

EPS Estimate Current Year:

Forum Energy Technologies Inc’s earning per share (EPS) estimates for the current year stand at -0.57.

Key Ratios

Key ratios of the Forum Energy Technologies Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-1.62
Return on Assets (ROA)
-0.02
Return on Equity (ROE)
-0.09
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Forum Energy Technologies Inc’s earning per share (EPS) jumped 69.34% since last year same period to -1.62 in the Q1 2022. This indicates that the Forum Energy Technologies Inc has generated 69.34% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Forum Energy Technologies Inc’s return on assets (ROA) stands at -0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Forum Energy Technologies Inc’s return on equity (ROE) stands at -0.09.

Dividend Per Share (DPS):

Forum Energy Technologies Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
-0.57
-1.62
-183.98%

Company Information

Forum Energy Technologies, Inc. is a global oilfield products company, serving the drilling, downhole, subsea, completions and production sectors of the oil and natural gas industry. The Company's products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe.

Organisation
Forum Energy Technologies Inc
Headquarters
Houston, Texas, US
Employees
1.4K
Industry
Industrial Services
CEO
C. Christopher Gaut