What To Expect From Firan Technology Group Corp (TSX:FTG) Q3 2024 Earnings

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9 hours ago

Firan Technology Group Corp (TSX:FTG, Financial) is set to release its Q3 2024 earnings on Oct 9, 2024. The consensus estimate for Q3 2024 revenue is $38 million, and the earnings are expected to come in at $0.08 per share. The full year 2024's revenue is expected to be $153 million and the earnings are expected to be $0.36 per share. More detailed estimate data can be found on the Forecast page.

Firan Technology Group Corp (TSX:FTG, Financial) Estimates Trends

Revenue estimates for Firan Technology Group Corp (TSX:FTG) have remained stable at $153 million for the full year 2024 and have increased from $158 million to $161 million for 2025 over the past 90 days. Earnings estimates for Firan Technology Group Corp (TSX:FTG) have risen from $0.35 per share to $0.36 per share for the full year 2024 and from $0.40 per share to $0.42 per share for 2025 over the past 90 days.

Firan Technology Group Corp (TSX:FTG, Financial) Reported History

In the previous quarter of May 31, 2024, Firan Technology Group Corp's (TSX:FTG) actual revenue was $38.79 million, which missed analysts' revenue expectations of $39 million by -0.54%. Firan Technology Group Corp's (TSX:FTG) actual earnings were $0.11 per share, which beat analysts' earnings expectations of $0.09 per share by 22.22%. After releasing the results, Firan Technology Group Corp (TSX:FTG) was down by -0.67% in one day.

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Firan Technology Group Corp (TSX:FTG, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 1 analyst, the average target price for Firan Technology Group Corp (TSX:FTG) is $8 with a high estimate of $8 and a low estimate of $8. The average target implies an upside of 34.23% from the current price of $5.96.

Based on GuruFocus estimates, the estimated GF Value for Firan Technology Group Corp (TSX:FTG, Financial) in one year is $5.13, suggesting a downside of -13.93% from the current price of $5.96.

Based on the consensus recommendation from 1 brokerage firm, Firan Technology Group Corp's (TSX:FTG, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.