FTC Solar Inc expected to post a loss of 9 cents a share - Earnings Preview

FTC Solar

08/05/2023 19:31

* FTC Solar Inc  FTCI.OQ   FTCI.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 10. 
    * The Austin Texas-based  company is expected to report  a
22.4% decrease in revenue to $38.456 million from $49.55 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for FTC Solar Inc is
for a
loss of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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​, above​ its last closing price of $2.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -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. 31 2022  -0.12       -0.12      -0.20     Missed  -65.1
 ​​Dec.        -0.11       -0.13      -0.17     Missed  -34.1
 31 2021                                                
 Sep. 30 2021  -0.19       -0.19      -0.17     Beat    10.1​
 Jun. 30 2021  -0.13       -0.13      -0.21     Missed  -65.5
 Mar. 31 2021  -0.08       -0.08      -0.10     Missed  -17.6
 This summary was machine generated May 8 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated