This article first appeared on GuruFocus.

Fuel Tech Inc (NASDAQ:FTEK) is set to release its Q3 2025 earnings on Nov 5, 2025. The consensus estimate for Q3 2025 revenue is $9.39 million, and the earnings are expected to come in at $0.01 per share. The full year 2025's revenue is expected to be $28.87 million and the earnings are expected to be $-0.05 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 2 Warning Signs with FTEK.

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Revenue estimates for Fuel Tech Inc (NASDAQ:FTEK) have declined from $29.90 million to $28.87 million for the full year 2025 and remained flat at $33.00 million for 2026 over the past 90 days. Earnings estimates for Fuel Tech Inc (NASDAQ:FTEK) have increased from $-0.06 per share to $-0.05 per share for the full year 2025 and increased from $-0.04 per share to $-0.03 per share for 2026 over the past 90 days.

In the previous quarter of 2025-06-30, Fuel Tech Inc's (NASDAQ:FTEK) actual revenue was $5.56 million, which missed analysts' revenue expectations of $6.09 million by -8.74%. Fuel Tech Inc's (NASDAQ:FTEK) actual earnings were $-0.02 per share, which beat analysts' earnings expectations of $-0.03 per share by 33.33%. After releasing the results, Fuel Tech Inc (NASDAQ:FTEK) was down by -0.68% in one day.

Based on the one-year price targets offered by 1 analyst, the average target price for Fuel Tech Inc (NASDAQ:FTEK) is $4.00 with a high estimate of $4.00 and a low estimate of $4.00. The average target implies an upside of 51.52% from the current price of $2.64.

Based on GuruFocus estimates, the estimated GF Value for Fuel Tech Inc (NASDAQ:FTEK) in one year is $1.38, suggesting a downside of -47.73% from the current price of $2.64.

Based on the consensus recommendation from 1 brokerage firm, Fuel Tech Inc's (NASDAQ:FTEK) 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.