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

Fuel Tech

09/08/2023 08:38

* Fuel Tech Inc  FTEK.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 2 cents per
share.
    * Revenue fell 14.2% to $5.46 million from a year ago;
analysts
expected $6.29 million. 
    * Fuel Tech Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The mean earnings estimate of analysts had risen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Fuel Tech Inc shares had fallen by 7.2% this quarter and
lost 3.5% so far this year.
    * The company reported a quarterly loss of $1.04 million.
    * Wall Street's median 12-month price target for Fuel Tech
Inc is
$4.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 07:37 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.02          -0.03          Missed
 Mar. 31 2023      -0.02          -0.01          Beat
 Dec. 31 2022      -0.03          -0.01          Beat
 Sep. 30 2022      -0.02          0.01           Beat