FTC Solar Inc expected to post a loss of 9 cents a share - Earnings Preview

reuters11-08

FTC Solar Inc <ftci.oq> expected to post a loss of 9 cents a share - Earnings Preview </ftci.oq>

FTC Solar Inc FTCI.OQ FTCI.O is expected to show a fall in quarterly revenue when it reports results on November 12 for the period ending September 30 2024
The Austin Texas-based company is expected to report a 67.6% decrease in revenue to $9.895 million from $30.55 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.
LSEG's mean analyst estimate for FTC Solar Inc is for a loss of 9 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for FTC Solar Inc is 0.70, above its last closing price of $0.50.

This summary was machine generated November 8 at 15:40 GMT. 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)

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