Fuel Tech Inc FTEK.OQ reported a quarterly adjusted loss of 2 cents per share for the quarter ended June 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 a loss of 3 cents per share.
Revenue fell 21.1% to $5.56 million from a year ago; analysts expected $6.09 million.
Fuel Tech Inc's reported EPS for the quarter was a loss of 2 cents.
The company reported a quarterly loss of $689 thousand.
Fuel Tech Inc shares had risen by 11.1% this quarter and gained 166.7% so far this year.
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, about 26% above its last closing price of $2.96
This summary was machine generated from LSEG data August 5 at 11:07 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)