Fermi (FRMI) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

-$0.22

Estimate

-$0.07

Surprise

-217.1%

Score today

5.7/10

Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.

Fermi (FRMI) reported a wider loss than forecast — adjusted EPS of -$0.22 against the -$0.07 estimate (a 217.1% shortfall).

• Macquarie Adjusts Fermi Inc. Price Target to $7 — fiscal.ai, 2026-11-14
• Macquarie Maintains Outperform on Fermi, Lowers Price Target to $7 — benzinga, 2026-11-13
• Nasdaq 100 Turns Green Despite Nvidia's 5% Drop on Huang Exit: Stock Market Today — benzinga, 2026-11-12

TrendMatrix currently rates FRMI Sell at 5.7/10; no pre/post engine snapshot brackets this report.

1 of the last 4 quarters beat the estimate; this quarter's -217.1% surprise compares with a -230.7% four-quarter average. Next scheduled report: 2027-03-29.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$2.61

Price target

$3.20

Stop

$2.43

Upside to target

+22.6%

Model outputs from TrendMatrix’s engine as of 2026-11-15 — shown for context, not personalized investment advice.

REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.

Industry

REIT - Specialty

Market cap

$1.69B

P/E (fwd)

4.4

52-week range

$1.44–$19.22

Off 52-week high

86.4%

RSI (14)

51

Volume vs avg

2.63×

Score today

5.7/10