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

FTC Solar

08/11/2024 15:40

* FTC Solar Inc  FTCI.OQ   FTCI.O  is expected to show a
fall in
quarterly revenue when it reports  results on November 12 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 $0.50. ​​​

This summary was machine generated November 8 at 15:40 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)