Cormark Research Analysts Cut Earnings Estimates for Eguana Technologies Inc. (CVE:EGT)

Cormark Research Analysts Cut Earnings Estimates for Eguana Technologies Inc.  (CVE:EGT)

Eguana Technologies Inc. (CVE:EGT – Get Rating) – Analysts at Cormark lowered their FY2023 earnings estimates for Eguana Technologies in a research report issued to clients and investors on Wednesday, May 31st. Cormark analyst M. Whale now expects that the company will post earnings per share of ($0.04) for the year, down from their prior forecast of ($0.03). Cormark also issued estimates for Eguana Technologies’ FY2024 earnings at ($0.02) EPS.

Other equity analysts have also issued research reports about the stock. Raymond James dropped their target price on shares of Eguana Technologies from C$0.45 to C$0.40 and set an “outperform” rating on the stock in a report on Friday. Stifel Nicolaus decreased their target price on shares of Eguana Technologies from C$0.40 to C$0.35 in a research report on Wednesday, May 31st.

Eguana Technologies Price Performance

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Shares of CVE:EGT opened at C$0.14 on Monday. The firm has a market cap of C$57.25 million, a PE ratio of -6.75 and a beta of 1.47. The firm’s fifty day moving average is C$0.20 and its 200-day moving average is C$0.24. The company has a debt-to-equity ratio of 369.48, a quick ratio of 3.66 and a current ratio of 4.03. Eguana Technologies has a 52 week low of C$0.12 and a 52 week high of C$0.46.

About Eguana Technologies

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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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Eguana Technologies Inc. (CVE:EGT – Get Rating) – Analysts at Cormark lowered their FY2023 earnings estimates for Eguana Technologies in a research report issued to clients and investors on Wednesday, May 31st. Cormark analyst M. Whale now expects that the company will post earnings per share of ($0.04) for the year, down from their prior…