FTC Solar, Inc. (NASDAQ:FTCI) Analysts Are Cutting Their Estimates: Here's What You Need To Know [Yahoo! Finance]
FTC Solar, Inc. (FTCI)
Company Research
Source: Yahoo! Finance
The results look positive overall; while revenues of US$127m were in line with analyst predictions, statutory losses were 2.4% smaller than expected, with FTC Solar losing US$0.44 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. Check out our latest analysis for FTC Solar Taking into account the latest results, the most recent consensus for FTC Solar from seven analysts is for revenues of US$146.9m in 2024. If met, it would imply a meaningful 16% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 41% to US$0.26. Before this latest report, the consensus had been expecting revenues of US$231.5m and US$0.21 per share in losses. So there's
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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
- Bearish: Analysts Just Cut Their FTC Solar, Inc. (NASDAQ:FTCI) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- FTC Solar, Inc. (NASDAQ:FTCI) Q4 2023 Earnings Call Transcript [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