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

FTC Solar

02/05/2025 16:03

FTC Solar Inc FTCI.OQ reported a quarterly adjusted loss of 84 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -90 cents.  The mean expectation of five analysts for the quarter was for a loss of 76 cents per share. Wall Street expected results to range from -96 cents to -61 cents per share.

Revenue rose 65.3% to $20.80 million from a year ago; analysts expected $18.82 million.

FTC Solar Inc's reported EPS for the quarter was a loss of 58 cents​.

The company reported a quarterly loss of $3.82 million.

FTC Solar Inc shares had risen by 15.7% this quarter and lost 39.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 37.5% 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 $4.00

This summary was machine generated from LSEG data May 2 at 03:03 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
Mar. 31 2025
-0.76
-0.84
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