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

FTC Solar

04/11/2024 15:39

* FTC Solar Inc  FTCI.OQ   FTCI.O  is expected to show a
fall in
quarterly revenue when it reports  results on November 6
(estimated) for the period ending September 30 2024
    * The Austin Texas-based  company is expected to report a
67.6% decrease in revenue to $9.895 million from $30.55 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG'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 3 "strong buy" or "buy," 3
"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
$0.70​, above​ its last closing price of $0.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.09       -0.09      -0.09     Met     -3.7
 Jan. 1 2024   -0.09       -0.09      -0.09     Met     -3.8
 Jan. 1 0001   -0.07       -0.07      -0.08     Missed  -9.1​
 Sep. 30 2023  -0.06       -0.07      -0.08     Missed  -20
 ​​Jun.        -0.05       -0.04      -0.06     Missed  -34.2
 30 2023                                                
 Mar. 31 2023  -0.09       -0.09      -0.07     Beat    22.2​
 Jan. 1 0001   -0.11       -0.11      -0.11     Met     -0.5
 Sep. 30 2022  -0.18       -0.18      -0.17     Beat    3.9
 This summary was machine generated November 4 at 15:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)