Eguana Technologies Inc. (CVE:EGT) Forecasted to Post Q1 2023 Earnings of ($0.01) Per Share

Eguana Technologies Inc.  (CVE:EGT) Forecasted to Post Q1 2023 Earnings of ($0.01) Per Share

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Eguana Technologies Inc. (CVE:EGT – Get Rating) – Investment analysts at Cormark issued their Q1 2023 earnings estimates for Eguana Technologies in a research note issued to investors on Wednesday, November 30th. Cormark analyst M. Whale forecasts that the company will earn ($0.01) per share for the quarter. Cormark also issued estimates for Eguana Technologies’ Q2 2023 earnings at ($0.01) EPS and FY2024 earnings at $0.01 EPS.

Eguana Technologies (CVE:EGT – Get Rating) last issued its earnings results on Monday, August 29th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.01). The company had revenue of C$2.32 million during the quarter, compared to analysts’ expectations of C$4.73 million.

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A number of other equity analysts have also weighed in on EGT. Stifel Nicolaus decreased their price target on shares of Eguana Technologies from C$0.65 to C$0.50 in a report on Tuesday, November 22nd. Raymond James cut their target price on shares of Eguana Technologies from C$0.75 to C$0.60 and set an “outperform” rating on the stock in a research note on Wednesday, November 23rd.

Eguana Technologies Stock Up 7.8 %

Shares of CVE EGT opened at C$0.28 on Thursday. Eguana Technologies has a 1 year low of C$0.21 and a 1 year high of C$0.57. The firm’s 50 day moving average price is C$0.32 and its 200 day moving average price is C$0.31. The firm has a market cap of C$110.51 million and a P/E ratio of -9.82. The company has a debt-to-equity ratio of 369.48, a quick ratio of 3.66 and a current ratio of 4.72.

Eguana Technologies Company Profile

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Eguana Technologies Inc designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. It provides its products under the Enduro, Evolve, and Elevate brand names. The company was formerly known as Sustainable Energy Technologies Ltd.

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Earnings History and Estimates for Eguana Technologies (CVE:EGT)

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