What To Expect From Fuel Tech Inc (FTEK) Q3 2024 Earnings

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Nov 06, 2024

Fuel Tech Inc (FTEK, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $8.47 million, and the earnings are expected to come in at $0.01 per share. The full year 2024's revenue is expected to be $28.77 million and the earnings are expected to be -$0.02 per share. More detailed estimate data can be found on the Forecast page.

Fuel Tech Inc (FTEK, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Fuel Tech Inc (FTEK) for the full year 2024 have increased from $27.79 million to $28.77 million, while estimates for 2025 have declined from $30.81 million to $30.60 million. Earnings estimates for 2024 have remained steady at -$0.02 per share, but for 2025, they have worsened, declining from -$0.05 per share to -$0.07 per share.

Fuel Tech Inc (FTEK, Financial) Reported History

In the previous quarter of 2024-06-30, Fuel Tech Inc's (FTEK) actual revenue was $7.04 million, which beat analysts' revenue expectations of $5.81 million by 21.2%. Fuel Tech Inc's (FTEK) actual earnings were -$0.01 per share, which beat analysts' earnings expectations of -$0.02 per share by 50%. After releasing the results, Fuel Tech Inc (FTEK) was up by 1.12% in one day.

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Fuel Tech Inc (FTEK, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 1 analyst, the average target price for Fuel Tech Inc (FTEK) is $4 with a high estimate of $4 and a low estimate of $4. The average target implies an upside of 292.16% from the current price of $1.02.

Based on GuruFocus estimates, the estimated GF Value for Fuel Tech Inc (FTEK, Financial) in one year is $1.42, suggesting an upside of 39.22% from the current price of $1.02.

Based on the consensus recommendation from 1 brokerage firm, Fuel Tech Inc's (FTEK, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.