Forum Energy Technologies Plunges 24.89% on Earnings Miss

On April 9, 2025, Forum Energy Technologies, Inc. (FET) experienced a significant drop of 24.89% in pre-market trading, reflecting a notable decline in investor sentiment.

Forum Energy Technologies, Inc. recently reported its full-year 2024 earnings, which fell short of market expectations. The company's earnings per share (EPS) missed analysts' projections, contributing to the recent decline in stock performance. This earnings miss has raised concerns among investors about the company's financial health and future prospects.

Despite the earnings miss, Forum Energy Technologies has shown revenue growth in recent quarters. The company reported revenue of $201.02 million in the quarter ending December 31, 2024, marking an 8.54% increase from the previous year. This growth indicates that the company is still generating revenue, but the market may be concerned about the sustainability of this growth given the earnings miss.

Insider trading activity has also been a point of interest for investors. Over the past 12 months, insiders at Forum Energy Technologies have been net buyers, acquiring shares in the company. This insider buying could be seen as a positive sign, as it suggests that those closest to the company believe in its future prospects. However, it remains to be seen whether this insider confidence will translate into improved stock performance.