Yahoo Finance Fuel Tech Third Quarter 2022 Earnings: Beats Expectations
Fuel Tech (NASDAQ:FTEK) Third Quarter 2022 Results
Key Financial Results
Revenue: US$8.02m (up 6.1% from 3Q 2021).
Net income: US$314.0k (down 54% from 3Q 2021).
Profit margin: 3.9% (down from 9.0% in 3Q 2021).
EPS: US$0.01 (down from US$0.022 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fuel Tech Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 10% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Fuel Tech that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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