FTC Solar Inc reports results for the quarter ended December 31 - Earnings Summary

FTC Solar

31/03/2025 14:31

FTC Solar Inc FTCI.OQ reported a quarterly adjusted loss of 80 cents​​ per share for the quarter ended December 31, identical to the same quarter last year.  The mean expectation of five analysts for the quarter was for a loss of 86 cents per share. Wall Street expected results to range from $-1.10 to -70 cents per share.

Revenue fell 43.1% to $13.20 million from a year ago; analysts expected $11.61 million.

FTC Solar Inc's reported EPS for the quarter was a loss of 96 cents​.

The company reported a quarterly loss of $12.24 million.

FTC Solar Inc shares had fallen by 54.6% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 9.3% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "hold"

Wall Street's median 12-month price target for FTC Solar Inc is $4.50

This summary was machine generated from LSEG data March 31 at 01:31 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
-0.86
-0.80
Beat
Sep. 30 2024
-0.85
-1.00
Missed
Jun. 30 2024
-0.87
-0.90
Missed
Mar. 31 2024
-0.87
-0.90
Missed