Canada's Flexible Solutions Q2 revenue falls on one-time R&D drop, shipment delays
FSI•Q2 revenue falls sharply
Canada biodegradable polymer maker's Q2 revenue fell 35% yr/yr to $7.4 million.
Revenue fell due to the lack of one-time R&D revenue, poor Florida LLC sales, and shipment delays.
Consensus and analyst view
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Revenue | $7.40 million | $12.73 million (2 analysts) |
The current average analyst rating on the shares is strong buy, with 2 strong buy or buy recommendations, no hold, and no sell or strong sell.
The average consensus recommendation for the specialty chemicals peer group is buy.
Wall Street's median 12-month price target for Flexible Solutions International Inc is $10.25, about 75.2% above its July 20 closing price of $5.85.
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of three months ago.
