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

FTC Solar

10/05/2023 14:31

* FTC Solar Inc  FTCI.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for a loss of 9
cents per share.
    * Revenue fell 17.5% to $40.89 million from a year ago;
analysts
expected $38.46 million. 
    * FTC Solar Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The mean earnings estimate of analysts had fallen by
about 60.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * FTC Solar Inc shares had risen by 17.8% this quarter and
lost 1.1% so far this year.
    * The company reported a quarterly loss of $11.76 million.
    * Wall Street's median 12-month price target for FTC Solar
Inc is
$4.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
10 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.16          -0.18          Missed