CashNews.co
The most recent trading session ended with Bloom Energy (BE) standing at $10.46, reflecting no shift from the previouse trading day’s closing. The stock’s change was more than the S&P 500’s daily loss of 0.76%. Elsewhere, the Dow saw a downswing of 0.75%, while the tech-heavy Nasdaq depreciated by 1.01%.
The the stock of developer of fuel cell systems has risen by 6.95% in the past month, leading the Oils-Energy sector’s loss of 4.09% and the S&P 500’s gain of 4.31%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. On that day, Bloom Energy is projected to report earnings of $0.09 per share, which would represent a year-over-year decline of 40%. At the same time, our most recent consensus estimate is projecting a revenue of $387.13 million, reflecting a 3.28% fall from the equivalent quarter last year.
BE’s full-year Zacks Consensus Estimates are calling for earnings of $0.14 per share and revenue of $1.47 billion. These results would represent year-over-year changes of +240% and +10.26%, respectively.
It’s also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Bloom Energy currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Bloom Energy has a Forward P/E ratio of 72.64 right now. For comparison, its industry has an average Forward P/E of 24.93, which means Bloom Energy is trading at a premium to the group.
Also, we should mention that BE has a PEG ratio of 2.91. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. As of the close of trade yesterday, the Alternative Energy – Other industry held an average PEG ratio of 2.63.
The Alternative Energy – Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 212, this industry ranks in the bottom 16% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bloom Energy Corporation (BE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research