FTC Solar Inc reports results for the quarter ended June 30 - Earnings Summary

FTC Solar

05/08/2025 14:33

FTC Solar Inc FTCI.OQ reported a quarterly adjusted loss of 86 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -90 cents.  The mean expectation of four analysts for the quarter was for a loss of 72 cents per share. Wall Street expected results to range from -88 cents to -58 cents per share.

Revenue rose 74.9% to $19.99 million from a year ago; analysts expected $21.13 million.

FTC Solar Inc's reported EPS for the quarter was a loss of $1.18​.

The company reported a quarterly loss of $15.43 million.

FTC Solar Inc shares had risen by 45.9% this quarter and gained 20.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.2% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for FTC Solar Inc is $4.40, about 50.2% below its last closing price of $6.61

This summary was machine generated from LSEG data August 5 at 01:32 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
Jun. 30 2025
-0.72
-0.86
Missed
Mar. 31 2025
-0.76
-0.84
Missed
Dec. 31 2024
-0.86
-0.80
Beat
Sep. 30 2024
-0.85
-1.00
Missed