Fluence Energy Inc reports results for the quarter ended June 30 - Earnings Summary

• Fluence Energy Inc FLNC.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of eighteen analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -10 cents to 18 cents per share.

• Revenue rose 17.3% to $566.93 million from a year ago; analysts expected $760.68 million.

• Fluence Energy Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $6.25 million.

• Fluence Energy Inc shares had risen by 37.0% this quarter and lost 42.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 105.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 15 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is "buy."

• Wall Street's median 12-month price target for Fluence Energy Inc is $8.00, about 14.9% below its last closing price of $9.19

This summary was machine generated from LSEG data August 11 at 09:00 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)