Fuel Tech Inc reports results for the quarter ended in September 30 - Earnings Summary

Fuel Tech

07/11/2024 05:08

* Fuel Tech Inc  FTEK.OQ  reported quarterly breakeven
results​​
per share for the quarter ended September 30, lower than the
same quarter last year, when the company reported EPS of 1
cents.  The lone analyst forecast for the quarter was
for earnings of one cent per share. 
    * Revenue fell 1.7% to $7.85 million from a year ago;
analysts
expected $8.47 million. 
    * Fuel Tech Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $80 thousand.
    * Fuel Tech Inc shares had fallen by 1.9% 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 November 7 at
05:08 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
 Sep. 30 2024      0.01           0.00           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