Bloom Energy’s Stock Status and Earnings Expectations: A Closer Look
The latest trading session saw Bloom Energy (BE) close at $10.46, unchanged from the previous day’s end. This lack of movement contrasts with the S&P 500’s decline of 0.76%. Other major indices also followed suit, with the Dow down by 0.75% and the Nasdaq losing 1.01%.
In the past month, Bloom Energy’s stock has surged by 6.95%. This rise stands out against the Oils-Energy sector’s overall drop of 4.09% and the S&P 500’s gain of 4.31%.
Upcoming Earnings Report to be Under Scrutiny
Investors are eager to see how Bloom Energy performs in its upcoming earnings report. Analysts expect the company to post earnings of $0.09 per share, down 40% from the same period last year. Revenue is anticipated to reach $387.13 million, marking a decline of 3.28% year-over-year.
Looking ahead, the Zacks Consensus Estimates predict a full-year earning of $0.14 per share and a revenue of $1.47 billion for Bloom Energy. Such figures would signify year-over-year increases of 240% and 10.26%, respectively.
Analyst Estimates and Market Confidence
Recent changes in analyst estimates for Bloom Energy are crucial for investors. These adjustments often indicate evolving trends in business performance. Positive revisions suggest rising confidence among analysts regarding the company’s profitability and operational potential.
Research indicates that revisions in estimates can influence stock price performance in the near term. Zacks has developed a ranking system that captures these changes, providing investors with actionable insights.
The Zacks Rank, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a strong historical record—in fact, #1 stocks have averaged an annual gain of +25% since 1988. Currently, Bloom Energy holds a Zacks Rank of #4 (Sell), with no recent updates to the consensus EPS estimate.
Valuation Metrics to Consider
Valuation is another essential factor for investors. Currently, Bloom Energy has a Forward P/E ratio of 72.64. This is significantly higher than the average Forward P/E of 24.93 for its industry peers, indicating that Bloom Energy trades at a premium compared to the sector.
Another metric to consider is the PEG ratio, which stands at 2.91 for Bloom Energy. This ratio accounts for the expected growth rate of earnings, while the average PEG for the Alternative Energy – Other industry is 2.63. It’s noteworthy that this industry is part of the Oils-Energy sector, which currently has a Zacks Industry Rank of 212—placing it in the bottom 16% of over 250 industries.
The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of the included stocks, revealing that top-rated industries tend to outperform their lower-ranked counterparts significantly.
Stay updated on these developments and other metrics that can influence stock movements at Zacks.com.
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Bloom Energy Corporation (BE): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
