Frank's International (FI) Tops Q2 EPS by 2c, Offers Guidance

Frank's International (NYSE: FI) reported Q2 EPS of $1.81, $0.02 better than the analyst estimate of $1.79. Revenue for the quarter came in at $4.76 billion versus the consensus estimate of $4.54 billion.

GUIDANCE:

Frank's International sees FY2023 EPS of $7.40-$7.50, versus the consensus of $7.37.

• Fiserv raises full year 2023 outlook and now expects organic revenue growth of 9% to 11% and adjusted earnings per share of $7.40 to $7.50, representing growth of 14% to 16%.
• “We are, once again, raising our 2023 organic revenue and adjusted EPS guidance based on strong second-quarter results, along with the economy’s improved second-half outlook and our own business confidence,” said Bisignano. “Our actions to invest, integrate and innovate have resulted in strong demand for our products, and greater productivity for our associates.”

For earnings history and earnings-related data on Frank's International (FI) click here.

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