• Fluence Energy Inc FLNC.OQ reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -24 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 -26 cents to -12 cents per share.

• Revenue rose 7.7% to $464.89 million from a year ago; analysts expected $623.05 million.

• Fluence Energy Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $20.93 million.

• Fluence Energy Inc shares had fallen by 7.8% this quarter and lost 35.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 28% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 12 "hold" and 4 "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 $14.00, about 3.1% above its last closing price of $13.56

This summary was machine generated from LSEG data May 6 at 11:08 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)