Tigo Energy Inc reports results for the quarter ended in December - Earnings Summary

Tigo Energy

13/02/2024 22:42

* Tigo Energy Inc  TYGO.OQ  reported a quarterly adjusted
loss
of 25 cents​​ per share for the quarter ended in December.  The
mean expectation of three analysts for the quarter was for a
loss of 21 cents per share. Wall Street expected results to
range from -23 cents to -19 cents per share.
    * Revenue was $9.25 million​; analysts expected $11.97
million. 
    * Tigo Energy Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of $14.77 million.
    * Tigo Energy Inc shares had fallen by 33.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Tigo Energy
Inc
is $4.50 

This summary was machine generated from LSEG data February 13 at
10:42 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      -0.21          -0.25          Missed
 Sep. 30 2023      -0.13          -0.27          Missed
 Jun. 30 2023      0.24           0.14           Missed