Bearish: Analysts Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue and EPS estimates [Yahoo! Finance]
FTC Solar, Inc. (FTCI)
Company Research
Source: Yahoo! Finance
Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon. After the downgrade, the seven analysts covering FTC Solar are now predicting revenues of US$147m in 2024. If met, this would reflect a meaningful 16% improvement in sales compared to the last 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 35% to US$0.26. However, before this estimates update, the consensus had been expecting revenues of US$232m and US$0.21 per share in losses. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts. View our latest analysis for FTC Solar The consensus price target fell 30% to US$0.91, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. Of course, another way to look at these forecasts
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FTCI
News
- FTC Solar, Inc. (NASDAQ: FTCI) had its price target lowered by analysts at HC Wainwright from $2.50 to $1.50. They now have a "buy" rating on the stock.MarketBeat
- FTC Solar, Inc. (NASDAQ:FTCI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- FTC Solar, Inc. (NASDAQ:FTCI) Analysts Are Cutting Their Estimates: Here's What You Need To Know [Yahoo! Finance]Yahoo! Finance
- FTC Solar to Present at Roth Conference March 18, 2024GlobeNewswire
- FTC Solar Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
FTCI
Earnings
- 3/13/24 - In-Line
FTCI
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- FTCI's page on the SEC website