Flotek Industries (FTK) to Release Earnings on Tuesday

Flotek Industries (NYSE:FTK) is scheduled to post its quarterly earnings results before the market opens on Tuesday, February 6th.

Flotek Industries (NYSE:FTK) last posted its earnings results on Wednesday, November 8th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Flotek Industries had a negative net margin of 10.41% and a negative return on equity of 1.64%. The business had revenue of $79.46 million during the quarter, compared to analysts’ expectations of $85.10 million. During the same period last year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flotek Industries (FTK) opened at $5.66 on Tuesday. The firm has a market cap of $335.84, a price-to-earnings ratio of -283.00 and a beta of 1.69. Flotek Industries has a fifty-two week low of $4.14 and a fifty-two week high of $14.51.

Separately, Zacks Investment Research raised shares of Flotek Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th.

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Flotek Industries Company Profile

Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

Earnings History for Flotek Industries (NYSE:FTK)

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