Brokerages forecast that Clean Energy Fuels Corp (NASDAQ:CLNE) will announce sales of $85.35 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Clean Energy Fuels’ earnings. The highest sales estimate is $88.10 million and the lowest is $82.60 million. Clean Energy Fuels posted sales of $101.83 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.2%. The firm is expected to report its next earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Clean Energy Fuels will report full year sales of $85.35 million for the current financial year, with estimates ranging from $334.90 million to $344.00 million. For the next financial year, analysts anticipate that the company will report sales of $351.10 million per share, with estimates ranging from $345.20 million to $357.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Clean Energy Fuels.
A number of research analysts have recently issued reports on CLNE shares. Zacks Investment Research lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub lowered Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Finally, ValuEngine lowered Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th.
Clean Energy Fuels (NASDAQ CLNE) opened at $1.44 on Tuesday. Clean Energy Fuels has a 52-week low of $1.39 and a 52-week high of $3.12. The company has a current ratio of 3.52, a quick ratio of 3.05 and a debt-to-equity ratio of 0.48.
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About Clean Energy Fuels
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
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