FTC Solar Inc expected to post a loss of 4 cents a share - Earnings Preview

FTC Solar

07/08/2023 19:33

* FTC Solar Inc  FTCI.OQ   FTCI.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 9. 
    * The Austin Texas-based  company is expected to report  a
54.2% increase in revenue to $47.382 million from $30.72 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for FTC Solar Inc is
for a
loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for FTC Solar
Inc is
$4.25​, above​ its last closing price of $3.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.09       -0.09      -0.07     Beat    22.2
 Dec. 31 2023  -0.11       -0.11      -0.11     Met     -0.5
 Sep. 30 2022  -0.18       -0.18      -0.17     Beat    3.9​
 Jun. 30 2022  -0.16       -0.16      -0.18     Missed  -13
 ​​Mar.        -0.12       -0.12      -0.20     Missed  -65.1
 31 2022                                                
 Dec. 31 2021  -0.11       -0.13      -0.17     Missed  -34.1​
 Sep. 30 2021  -0.19       -0.19      -0.17     Beat    10.1
 Jun. 30 2021  -0.13       -0.13      -0.21     Missed  -65.5
 This summary was machine generated August 7 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated