FTC Solar Inc reports results for the quarter ended in June - Earnings Summary

FTC Solar

09/08/2023 14:32

* FTC Solar Inc  FTCI.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for a loss
of 4 cents per share.
    * Revenue rose 5.3% to $32.36 million from a year ago;
analysts
expected $47.38 million. 
    * FTC Solar Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The mean earnings estimate of analysts had risen by
about 30.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * FTC Solar Inc shares had risen by 7.5% this quarter and
gained 29.1% so far this year.
    * The company reported a quarterly loss of $10.41 million.
    * Wall Street's median 12-month price target for FTC Solar
Inc is
$4.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.04          -0.06          Missed
 Mar. 31 2023      -0.09          -0.07          Beat
 Dec. 31 2022      -0.11          -0.11          Met
 Sep. 30 2022      -0.18          -0.17          Beat