Fuelcell Energy Inc FCEL.OQ reported a quarterly adjusted loss of 7 cents per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of eight analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -6 cents per share.
Revenue fell 7.1% to $23.70 million from a year ago; analysts expected $22.62 million.
Fuelcell Energy Inc's reported EPS for the quarter was a loss of 7 cents.
The company reported a quarterly loss of $33.46 million.
Fuelcell Energy Inc shares had fallen by 35.7% this quarter and lost 74.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.4% in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the renewable energy equipment & services peer group is also "hold"
Wall Street's median 12-month price target for Fuelcell Energy Inc is $1.31
This summary was machine generated from LSEG data September 5 at 01:31 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 |
Jul. 31 2024 |
-0.07 |
-0.07 |
Met |
Apr. 30 2024 |
-0.08 |
-0.07 |
Beat |
Jan. 31 2024 |
-0.08 |
-0.05 |
Beat |
Oct. 31 2023 |
-0.08 |
-0.07 |
Beat |