Tigo Energy Inc reports results for the quarter ended in September 30 - Earnings Summary

Tigo Energy

07/11/2024 04:58

* Tigo Energy Inc  TYGO.OQ  reported a quarterly adjusted
loss
of 22 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -27 cents.  The mean expectation of
four analysts for the quarter was for a loss of 17 cents per
share. Wall Street expected results to range from -19 cents
to -14 cents per share.
    * Revenue fell 16.8% to $14.24 million from a year ago;
analysts
expected $13.89 million. 
    * Tigo Energy Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $13.12 million.
    * Tigo Energy Inc shares had fallen by 30.6% this
quarter and
lost 43.5% 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 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 $3.25 
This summary was machine generated from LSEG data November 7 at
04:58 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      -0.17          -0.22          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