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

Fuel Tech

07/08/2024 05:50

* Fuel Tech Inc  FTEK.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -3
cents.  The lone analyst forecast for the quarter was for a loss
of 2 cents per share. 
    * Revenue rose 29% to $7.04 million from a year ago;
analysts
expected $5.81 million. 
    * Fuel Tech Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The company reported a quarterly loss of $421 thousand.
    * Fuel Tech Inc shares had fallen by 9.8% this quarter and
lost 8.1% so far this year.

FORECAST CHANGES
    * 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.

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 August 7 at
04:50 a.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 2024      -0.02          -0.01          Beat
 Mar. 31 2024      -0.01          0.01           Beat
 Dec. 31 2023      -0.03          -0.02          Beat
 Sep. 30 2023      0.00           0.01           Beat