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

Tigo Energy

09/08/2023 06:20

* Tigo Energy Inc  TYGO.OQ  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 24 cents per share.
    * Revenue was $68.83 million​; analysts expected $71.93
million. 
    * Tigo Energy Inc's reported EPS for the quarter was a loss
of 84
cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Tigo Energy Inc shares had risen by 14.8% this quarter and
gained 108.8% so far this year.
    * The company reported a quarterly loss of $23.42 million.
    * Wall Street's median 12-month price target for Tigo Energy
Inc
is $25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 05:20 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.24           0.14           Missed