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

Tigo Energy

06/08/2024 23:50

* Tigo Energy Inc  TYGO.OQ  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 14 cents.  The mean expectation of four analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -19 cents to -14 cents per share.
    * Revenue fell 81.5% to $12.70 million from a year ago;
analysts
expected $13.86 million. 
    * Tigo Energy Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $11.32 million.
    * Tigo Energy Inc shares had fallen by 5.8% this quarter and
lost 30.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Tigo Energy Inc
is $4.65 
This summary was machine generated from LSEG data August 6 at
10:50 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
 Jun. 30 2024      -0.16          -0.19          Missed
 Mar. 31 2024      -0.22          -0.19          Beat
 Dec. 31 2023      -0.21          -0.25          Missed
 Sep. 30 2023      -0.13          -0.27          Missed