Forum Energy Technologies (FET) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.16
- Estimate
- $0.56
- Surprise
- +105.3%
- Score today
- 5.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Forum Energy Technologies (FET) beat the $0.56 estimate with diluted EPS of $1.16 — a large 105.3% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates FET Sell at 5.4/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +105.3% surprise compares with a +42.0% four-quarter average. Next scheduled report: 2026-10-29.
What argues against it
- Concentration risk — Product: consumable products and activity-based equipment (80.0%)
- Target reached (-14.4% upside)
- Quality below floor (3.6 < 4.0)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $77.42
- Price target
- $85.67
- Stop
- $72.00
- Upside to target
- +10.7%
Model outputs from TrendMatrix’s engine as of 2026-08-23 — shown for context, not personalized investment advice.
FET at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $870.7M
- P/E (fwd)
- 16.1
- 52-week range
- $24.53–$87.42
- Off 52-week high
- 11.4%
- RSI (14)
- 62
- Volume vs avg
- 0.90×
- Score today
- 5.4/10