Equities analysts expect Bloom Energy Corp (NYSE:BE) to post ($0.18) earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bloom Energy’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.35). The firm is expected to announce its next quarterly earnings report on Monday, February 4th.
According to Zacks, analysts expect that Bloom Energy will report full year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($1.36) to ($0.56). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($1.47) to $0.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Bloom Energy.
Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Monday, November 5th. The company reported ($1.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.49). The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $185.05 million. The business’s revenue for the quarter was up 102.8% compared to the same quarter last year.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Bloom Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Credit Suisse Group upgraded Bloom Energy from an “underperform” rating to a “neutral” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 31st. ValuEngine lowered Bloom Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. set a $30.00 price target on Bloom Energy and gave the company a “buy” rating in a research report on Tuesday, November 6th. Finally, Cowen restated a “hold” rating and set a $20.00 price target on shares of Bloom Energy in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.86.
Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in Bloom Energy in the third quarter worth $108,000. PNC Financial Services Group Inc. bought a new stake in Bloom Energy in the third quarter worth $116,000. Cambridge Investment Research Advisors Inc. bought a new stake in Bloom Energy in the third quarter worth $303,000. Krane Funds Advisors LLC bought a new stake in Bloom Energy in the third quarter worth $429,000. Finally, Bank of New York Mellon Corp bought a new stake in Bloom Energy in the third quarter worth $555,000. 19.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of BE stock opened at $12.24 on Friday. Bloom Energy has a fifty-two week low of $9.42 and a fifty-two week high of $38.00. The company has a quick ratio of 2.07, a current ratio of 2.57 and a debt-to-equity ratio of 6.76.
Bloom Energy Company Profile
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was formerly known as Ion America Corp.
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