Flotek Industries Inc (FTK) Earnings: An Early Look – Schlumberger Limited (SLB), Halliburton Company (HAL)

Earnings season is winding down, with most companies already having reported their quarterly results. But there are still some companies left to report, and Flotek Industries Inc (NYSE:FTK) is about to release its quarterly earnings report. The key to making smart investment decisions with stocks releasing their quarter reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed, knee-jerk reaction to news that turns out to be exactly the wrong move.

Flotek Industries Inc (NYSE:FTK)Flotek Industries Inc (NYSE:FTK) supplies chemicals and drilling equipment to the oil and gas industry, and with all the activity going on in energy these days, that’s been a lucrative area for Flotek Industries Inc (NYSE:FTK) to make money in. Let’s take an early look at what’s been happening with Flotek Industries Inc (NYSE:FTK) over the past quarter and what we’re likely to see in its quarterly report on Wednesday.

Stats on Flotek

Analyst EPS Estimate $0.17
Change From Year-Ago EPS 325%
Revenue Estimate $77.9 million
Change From Year-Ago Revenue 4%
Earnings Beats in Past 4 Quarters 1

Source: Yahoo! Finance.

Will Flotek drill up more profits this quarter?
Analysts have kept their estimates on Flotek Industries Inc (NYSE:FTK) rock-steady over the past few months, with no changes to the just-ended quarter or full-year 2013 projections. The stock, though, has done quite well, rising almost 20% since early December.

Flotek has three key segments. First, it makes specialty chemicals that help boost production from oil and gas wells. Second, its drilling products divisions makes and repairs drilling tools, serving not only the energy industry but also mining and water companies. And finally, Flotek Industries Inc (NYSE:FTK) makes pumps and related system components. Combined, these areas make Flotek Industries Inc (NYSE:FTK) a useful resource for a wide variety of customers.

In February, Flotek hit a milestone, as it terminated its share lending agreement with JPMorgan . With Flotek having been able to repurchase convertible notes at the end of last year, the move frees up the final 2.4 million shares held by JPMorgan under the agreement, and as CEO John Chisholm noted, Flotek’s financial statements should be more transparent for investors as a result.

So far this earnings season, most larger oil services companies have done reasonably well with their earnings, albeit amid modest expectations. Schlumberger Limited (NYSE:SLB) and Halliburton Company (NYSE:HAL) both succeeded in posting earnings beats in their respective quarterly reports, with fairly strong revenue growth as well. Although Flotek is much smaller, those big-company trends still bode well for the company.

In its quarterly report, watch for Flotek to comment on capital expenditures among industry players. If oil and gas companies expand their capex budgets, then Flotek could be a big beneficiary going forward.

The article Flotek Earnings: An Early Look originally appeared on Fool.com.

Fool contributor Dan Caplinger owns warrants on JPMorgan Chase (NYSE:JPM). You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Halliburton, and owns shares of JPMorgan Chase.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!