Analyst Consensus ?
ConsensusHold31 ratings
Bullish1341.9%
Neutral1754.9%
Bearish13.2%
Flowserve Corporation · FLS · FY2026 Q3 · Calendar Q4 2026
Flowserve raises EPS outlook as backlog reaches a record $3.5 billion
Flowserve's Q3 supports a constructive operating picture: bookings, margins and backlog improved, and management raised the low end of FY26 EPS guidance. The counterevidence is meaningful: Middle East disruption, deferred maintenance and Trillium integration remain execution risks.
Reported After market closeNYSEIndustrials
$10.21B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.07
Consensus $0.98
EPS surprise
+9.0%
Reported versus consensus
Reported revenue
$1.24B
Consensus $1.24B
Revenue surprise
-0.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+11.9%
Event window
SPY move
-0.4%
Same window
Abnormal move
+12.3%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
FLSSPY benchmark
Ask FN2 about FLS FY2026 Q3
Transcript, numbers and history already loaded
Why did FLS rise 11.9% after beating EPS estimates in FY2026 Q3?What changed in FLS's guidance and outlook in FY2026 Q3?Give me the bull and bear case for FLS after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Bookings rose 14% year over year, adjusted operating margin expanded to 16.5%, and backlog reached a record $3.5 billion, up 20% year over year. Management raised the low end of FY26 EPS guidance. The Middle East conflict created a $40 million sales headwind, with some projects delayed to 2027.
Guidance delta
Management raised the low end of FY26 EPS guidance; the supplied analysis does not provide the revised numerical range.
Key takeaways
- Bookings reached $1.4 billion, supported by aftermarket and original equipment demand.
- Adjusted operating margin expanded 170 basis points to 16.5%, while EPS grew 19%.
- Record backlog of $3.5 billion provides visibility through 2027, though some regional projects moved out.
- Aftermarket capture and commercial-excellence efforts are producing growth above the mid-single-digit target.
- Energy security, nuclear power and data-center cooling were identified as growth drivers.
Management priorities
- Improve aftermarket capture and booking-funnel conversion through commercial excellence.
- Continue 80/20 portfolio simplification and roofline consolidation.
- Integrate Trillium and realize expected margin synergies.
- Pursue a 20% adjusted operating margin target by 2030.
- Expand participation in energy, nuclear and data-center cooling opportunities.
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Try FN2 freeEarnings History
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Beat
Miss
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Analyst 52W Price Targets
$80.35Current
$33Low
$72.2Average
$94High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Mizuho | Outperform | Outperform | Maintain | Oct 15, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 14, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 31, 2026 |
| TD Cowen | Hold | Buy | Downgrade | Jun 24, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 13, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Dec 17, 2025 |
| Jefferies | Buy | Buy | Maintain | Dec 10, 2025 |
| B of A Securities | Neutral | Buy | Downgrade | Nov 14, 2025 |
| UBS | Buy | Buy | Maintain | Nov 4, 2025 |
| Baird | Outperform | Outperform | Maintain | May 1, 2025 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 3, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Nov 2, 2022 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Jul 7, 2021 |
| Vertical Research | Hold | Buy | Downgrade | Mar 26, 2020 |
| Citi | Buy | Buy | Maintain | Aug 2, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Jul 15, 2019 |
| Northcoast Research | Buy | Neutral | Upgrade | Sep 13, 2018 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 10, 2018 |
| Seaport Global | Neutral | Buy | Downgrade | Nov 3, 2017 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Jul 31, 2017 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Aug 1, 2016 |
| Nomura | Reduce | Neutral | Downgrade | Apr 4, 2016 |
| Maxim Group | Hold | Buy | Downgrade | Feb 22, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Feb 5, 2016 |
| BB&T Capital | Hold | Buy | Downgrade | Jul 27, 2015 |
| Oppenheimer | Perform | Outperform | Downgrade | Apr 17, 2015 |
| Barclays | Overweight | Overweight | Maintain | Apr 17, 2015 |
| Bank of America | Neutral | Buy | Downgrade | Jan 22, 2015 |
| DA Davidson | Neutral | Neutral | Maintain | Dec 15, 2014 |
| Wedbush | Outperform | Neutral | Upgrade | Oct 27, 2014 |
| CL King | Buy | Strong Buy | Downgrade | Jan 25, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $80.35. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Analyst unavailable | $85 | $70.2 | +5.8% | Oct 15, 2026 |
| RBC Capital | Analyst unavailable | $94 | $75.8 | +17.0% | Jul 31, 2026 |
| Robert W. Baird | Analyst unavailable | $93 | $75.32 | +15.7% | Jul 31, 2026 |
| Stifel Nicolaus | Analyst unavailable | $94 | $75.32 | +17.0% | Jul 31, 2026 |
| Goldman Sachs | Analyst unavailable | $82 | $75.32 | +2.1% | Jul 30, 2026 |
| Stifel Nicolaus | Nathan Jones | $92 | $73.64 | +14.5% | May 1, 2026 |
| Goldman Sachs | Joe Ritchie | $83 | $73.64 | +3.3% | Apr 30, 2026 |
| Stifel Nicolaus | Nathan Jones | $102 | $84.48 | +26.9% | Apr 14, 2026 |
| Goldman Sachs | Joe Ritchie | $88 | $86.46 | +9.5% | Feb 9, 2026 |
| RBC Capital | Analyst unavailable | $96 | $86.72 | +19.5% | Feb 9, 2026 |
| Robert W. Baird | Analyst unavailable | $98 | $85.46 | +22.0% | Feb 9, 2026 |
| Mizuho Securities | Analyst unavailable | $91 | $85.46 | +13.3% | Feb 9, 2026 |
| Stifel Nicolaus | Analyst unavailable | $97 | $85.46 | +20.7% | Feb 9, 2026 |
| Stifel Nicolaus | Nathan Jones | $87 | $78.44 | +8.3% | Jan 23, 2026 |
| RBC Capital | Analyst unavailable | $83 | $76.5 | +3.3% | Jan 15, 2026 |
| Mizuho Securities | Analyst unavailable | $74 | $72.1 | -7.9% | Jan 5, 2026 |
| Goldman Sachs | Joe Ritchie | $80 | $71.82 | -0.4% | Dec 16, 2025 |
| Jefferies | Analyst unavailable | $85 | $72.46 | +5.8% | Dec 10, 2025 |
| UBS | Analyst unavailable | $82 | $71.85 | +2.1% | Nov 4, 2025 |
| Goldman Sachs | Joe Ritchie | $71 | $67.35 | -11.6% | Oct 30, 2025 |
| RBC Capital | Analyst unavailable | $76 | $67.68 | -5.4% | Oct 30, 2025 |
| Stifel Nicolaus | Nathan Jones | $84 | $67.55 | +4.5% | Oct 30, 2025 |
| Mizuho Securities | Brett Linzey | $60 | $51.62 | -25.3% | May 16, 2025 |
| Robert W. Baird | Michael Halloran | $66 | $54.14 | -17.9% | Oct 30, 2024 |
| Goldman Sachs | Joe Ritchie | $52 | $52.94 | -35.3% | Oct 29, 2024 |
| Mizuho Securities | Brett Linzey | $65 | $54.88 | -19.1% | Oct 17, 2024 |
| Robert W. Baird | Michael Halloran | $60 | $49.23 | -25.3% | Jul 31, 2024 |
| Goldman Sachs | Joe Ritchie | $46 | $49.23 | -42.8% | Jul 30, 2024 |
| Bank of America Securities | Andrew Obin | $60 | $50.89 | -25.3% | Jul 30, 2024 |
| Stifel Nicolaus | Nathan Jones | $58 | $51.19 | -27.8% | Jul 18, 2024 |
| Mizuho Securities | Brett Linzey | $53 | $47.45 | -34.0% | May 1, 2024 |
| Stifel Nicolaus | Nathan Jones | $53 | $46.38 | -34.0% | Apr 17, 2024 |
| Morgan Stanley | Analyst unavailable | $33 | $31.54 | -58.9% | Jan 6, 2023 |
| Citigroup | Analyst unavailable | $36 | $29.75 | -55.2% | Dec 9, 2022 |
| Morgan Stanley | Analyst unavailable | $37 | $31.58 | -54.0% | May 4, 2022 |
| Credit Suisse | Analyst unavailable | $38 | $30.85 | -52.7% | May 4, 2022 |
| Citigroup | Analyst unavailable | $38 | $30.77 | -52.7% | May 4, 2022 |
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Start freeCompany context
Snapshot as of publicationFlowserve Corporation is a global enterprise that specializes in the conception, creation, distribution, and upkeep of industrial equipment crucial for managing fluid movement. The company extends its reach across the United States, Europe, the Middle East, Africa, Asia, and other international markets. Its operations are structured into two principal divisions: the Flowserve Pump Division (FPD) and the Flow Control Division (FCD). The FPD segment provides a diverse range of pumping solutions, encompassing both custom-engineered and pre-configured pumps and systems, mechanical seals, auxiliary components, and essential replacement parts and upgrades. This division also delivers comprehensive post-sales support, including installation and initial setup, provision of seal system spare parts, repairs, advanced diagnostic services, performance re-rating and enhancement solutions, retrofit initiatives, precision machining, and asset management programs.…
Industrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| HII Huntington Ingalls Industries, Inc. | FY2026 Q3 · Calendar Q4 2026 | +25.7% | +13.2% | HII Posts Record Q3 Sales and Raises Shipbuilding Outlook |
| WCC WESCO International, Inc. | FY2026 Q3 · Calendar Q4 2026 | +23.0% | +5.6% | Wesco raises 2026 outlook as data-center demand accelerates |
| GFL GFL Environmental Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.2% | +3.3% | GFL raises 2026 guidance as SECURE synergies lift Q3 |
| DRS Leonardo DRS, Inc. | FY2026 Q3 · Calendar Q4 2026 | +30.0% | +11.7% | Leonardo DRS raises FY26 outlook as backlog reaches $5.6 billion |
| TT Trane Technologies plc | FY2026 Q3 · Calendar Q4 2026 | — | -3.9% | Trane raises revenue outlook as HVAC and data-center demand stay strong |
| HWM Howmet Aerospace Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +5.5% | Howmet Q3: Strong Demand, Higher Guidance, and Capacity Risk |
Latest beats and misses
Who reports nextBeat on EPS
- HIIFY2026 Q3 · October 29, 2026+25.7% EPS+13.2% move
- KIM-PNFY2026 Q3 · October 29, 2026+101.6% EPS— move
- ENTGFY2026 Q3 · October 29, 2026+19.4% EPS+0.4% move
- BUDFY2026 Q3 · October 29, 2026+6.1% EPS-1.8% move
- WCCFY2026 Q3 · October 29, 2026+23.0% EPS+5.6% move
- ASXFY2026 Q3 · October 29, 2026+8.8% EPS+1.4% move
Missed on EPS
- SCIFY2026 Q3 · October 28, 2026-2.1% EPS-8.7% move
- AMFY2026 Q3 · October 28, 2026-5.6% EPS+3.7% move
- INGFY2026 Q3 · October 29, 2026-5.1% EPS-2.0% move
- AMPFY2026 Q3 · October 29, 2026-4.3% EPS+1.7% move
- AMRZFY2026 Q3 · October 28, 2026-1.0% EPS+3.9% move
- MAAFY2026 Q3 · October 28, 2026-5.9% EPS+1.3% move
Get the FLS recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-10-29T18:05:50.755802+00:00
- FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
- Polygon adjusted daily market bars · 2026-10-30T03:30:40.013161+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T03:30:40.009496+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-30. For educational purposes only; not investment advice.