FET

FET Earnings Preview

Forum Energy Technologies, Inc. · Energy · $621M

8d until earnings

FET Earnings

Thursday, Apr 30 2026
EPS Estimate
$0.44
$0.42 – $0.46
Revenue Estimate
$201M
Current Price
$57.48

Our Position

bullish

Q4 Beat Powers 11-Year High Backlog

structured data est. revisions rising (+6.3pp / 30d)

A backlog at 11-year highs signals genuine demand momentum, not just analyst optimism. The fact that it's growing 46% YoY and features 12% from new products means FET isn't just pulling forward revenue — it's capturing incremental business from products still ramping. If they execute on 2026 guidance (6% top-line growth and 16% EBITDA expansion), they're expanding margins while growing, which is the profile of a company catching a genuine cycle.

Watch: Watch 2026 quarterly results for backlog velocity and new product mix. If the $312 million backlog converts at the guided pace while new products stay above 10% of backlog, that confirms the growth is durable and margin-accretive. Any slowdown in backlog growth would signal the cycle is stalling.

Data Signal Summary

2 bullish
2 bearish
Estimates up +38% Insider selling cluster Put/call 0.0 (bullish skew) Price downtrend

Key Context

Insider Activity
selling
Price Trend
downtrend
From 52w High
-6.5%
Est. Revisions (30d)
+37.5% 1up/0dn
Analyst Target (mean)
$64 $64–$64 +11%
Options P/C Ratio
0.00
Est. Dispersion
9% 2 analysts
Insider Cluster
strong sell (officer)
Fund Convergence
strong Renaissance, Two Sigma, Citadel

Recent Activity

insider trades 60 transactions
Other · KELLER KATHERINE CAMPBELL (Officer) ·5,232 shares
Other · BROOKES MARK (Officer) ·14,461 shares
Other · DANFORD MICHAEL DEWAYNE (Officer) ·7,348 shares
Other · WILLIAMS DAVID LYLE JR (Chief Financial Officer) ·23,879 shares
Other · IVASCU JOHN C. (General Counsel) ·14,695 shares
55 more
Other · LUX NEAL ·59,697 shr
Other · BROOKES MARK ·5,748 shr
Other · POUNDS STEVEN ·5,748 shr
Other · KELLER KATHERINE CAMPBELL ·2,615 shr
Award · RASPINO LOUIS A ·2,556 shr
Award · MCSHANE MICHAEL M ·2,556 shr
Award · ROWSEY PAUL E III ·2,556 shr
Award · CARRIG JOHN A ·2,556 shr
Award · ANGELLE EVELYN M ·2,556 shr
Award · SMITH MARK W ·2,556 shr
Award · BEYER LESLIE ANN ·213 shr
Award · MARQUEZ ARON ·2,556 shr
Sell · IVASCU JOHN C. ·4,392 shr ·$263,564
Other · DANFORD MICHAEL DEWAYNE ·20,479 shr
Other · WILLIAMS DAVID LYLE JR ·66,554 shr
Other · IVASCU JOHN C. ·40,235 shr
Other · LUX NEAL ·157,710 shr
Other · POUNDS STEVEN ·14,461 shr
Award · BEYER LESLIE ANN ·3,802 shr ·$150,027
Award · SMITH MARK W ·3,855 shr ·$75,018
Award · MARQUEZ ARON ·3,855 shr ·$75,018
Buy · LUX NEAL ·12,607 shr ·$227,070
Other · DANFORD MICHAEL DEWAYNE ·3,545 shr
Other · WILLIAMS DAVID LYLE JR ·11,519 shr
Other · IVASCU JOHN C. ·7,089 shr
Other · LUX NEAL ·28,797 shr
Other · BROOKES MARK ·2,659 shr
Other · POUNDS STEVEN ·2,659 shr
Award · RASPINO LOUIS A ·8,557 shr
Award · MCSHANE MICHAEL M ·8,557 shr
Award · ROWSEY PAUL E III ·8,557 shr
Award · CARRIG JOHN A ·8,557 shr
Award · ANGELLE EVELYN M ·8,557 shr
Award · FORUM ENERGY TECHNOLOGIES, INC ·8,557 shr
Other · DANFORD MICHAEL DEWAYNE ·5,447 shr
Other · WILLIAMS DAVID LYLE JR ·15,635 shr
Other · IVASCU JOHN C. ·9,663 shr
Other · LUX NEAL ·29,773 shr
Award · DANFORD MICHAEL DEWAYNE ·1,052 shr
Award · WILLIAMS DAVID LYLE JR ·3,418 shr
Award · IVASCU JOHN C. ·1,972 shr
Award · LUX NEAL ·6,967 shr
Award · BROOKES MARK ·539 shr
Other · BROOKES MARK ·1,078 shr
Award · POUNDS STEVEN ·539 shr
Other · POUNDS STEVEN ·1,078 shr
Award · DANFORD MICHAEL DEWAYNE ·1,773 shr
Award · WILLIAMS DAVID LYLE JR ·5,760 shr
Award · IVASCU JOHN C. ·3,545 shr
Award · LUX NEAL ·14,399 shr
Award · BROOKES MARK ·1,330 shr
Award · POUNDS STEVEN ·1,330 shr
Sell · RASPINO LOUIS A ·4,950 shr ·$76,280
Sell · GAUT CHARLES CHRISTOPHER ·2,000 shr ·$30,620
Buy · LUX NEAL ·13,500 shr ·$213,570