Fuel Tech Inc reports results for the quarter ended in December - Earnings Summary

Fuel Tech

11/03/2024 21:37

* Fuel Tech Inc  FTEK.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -1
cents.  The lone analyst forecast for the quarter was for a loss
of 3 cents per share. 
    * Revenue fell 9.6% to $6.35 million from a year ago;
analysts
expected $6.90 million. 
    * Fuel Tech Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $539 thousand.
    * Fuel Tech Inc shares had risen by 11.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Fuel Tech Inc is
$4.00 
This summary was machine generated from LSEG data March 11 at
09:36 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 2023      -0.03          -0.02          Beat
 Sep. 30 2023      0.00           0.01           Beat
 Jun. 30 2023      -0.02          -0.03          Missed
 Mar. 31 2023      -0.02          -0.01          Beat