Fluence Energy Inc reports results for the quarter ended December 31 - Earnings Summary

• Fluence Energy Inc FLNC.OQ reported a quarterly adjusted loss of 32 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of eighteen analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -35 cents to -7 cents per share.

• Revenue fell 48.7% to $186.79 million from a year ago; analysts expected $380.28 million.

• Fluence Energy Inc's reported EPS for the quarter was a loss of 32 cents​.

• The company reported a quarterly loss of $41.47 million.

• Fluence Energy Inc shares had fallen by 21.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11,692.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Fluence Energy Inc is $24.00

This summary was machine generated from LSEG data February 10 at 10:52 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)