Flowserve (FLS) Stock Forecast & Price Target

Flowserve Corp has demonstrated strong financial performance, highlighted by an expansion of adjusted operating margins by 370 basis points year-over-year to 14.8%, exceeding both estimates and consensus expectations. The company experienced growth in its project funnel across all end markets, particularly in the nuclear and power sectors, which signals robust demand for its products and services. Furthermore, Flowserve consistently achieved significant aftermarket bookings, totaling $653 million for the quarter and marking a 6% increase year-over-year, which supports its positive outlook and aligns with its long-term financial targets.

Flowserve Corp has reported a notable decline in bookings, with a 13.6% year-over-year decrease and a book-to-bill ratio of 0.91, suggesting a downturn in demand for its flow control systems. The company also experienced total core sales growth of -1.0%, significantly underperforming against estimates of 3.4% growth, as both its FPD and FCD segments reported declines in core sales, further highlighting operational challenges. Additionally, Flowserve has revised its total sales and organic sales growth outlook downward for the year, indicating ongoing difficulties in maintaining revenue momentum.