Ftai Infrastructure Inc reports results for the quarter ended June 30 - Earnings Summary

• Ftai Infrastructure Inc FIP.OQ reported a quarterly adjusted loss of 65 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of three analysts for the quarter was for a loss of 37 cents per share. Wall Street expected results to range from -39 cents to -33 cents per share.

• Revenue rose 44.1% to $122.29 million from a year ago; analysts expected $135.63 million.

• Ftai Infrastructure Inc's reported EPS for the quarter was a loss of 73 cents​.

• The company reported a quarterly loss of $79.82 million.

• Ftai Infrastructure Inc shares had risen by 16.2% this quarter and lost 1.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is "buy."

• Wall Street's median 12-month price target for Ftai Infrastructure Inc is $12.00, about 48% above its last closing price of $6.24

This summary was machine generated from LSEG data August 8 at 04:45 a.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)