Fluence Energy First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Fluence Energy (NASDAQ:FLNC) First Quarter 2024 Results
Key Financial Results
Revenue: US$364.0m (up 17% from 1Q 2023).
Net loss: US$16.7m (loss narrowed by 32% from 1Q 2023).
US$0.14 loss per share (improved from US$0.21 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fluence Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are up 5.1% from a week ago.
Risk Analysis
Be aware that Fluence Energy is showing 1 warning sign in our investment analysis that you should know about...
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