Bloom Energy Corp (NYSE:BE) Expected to Post Earnings of -$0.14 Per Share

Wall Street brokerages forecast that Bloom Energy Corp (NYSE:BE) will announce earnings of ($0.14) per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bloom Energy’s earnings, with the lowest EPS estimate coming in at ($0.23) and the highest estimate coming in at ($0.04). Bloom Energy posted earnings per share of ($0.27) in the same quarter last year, which indicates a positive year-over-year growth rate of 48.1%. The business is expected to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Bloom Energy will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.39) to $0.00. For the next financial year, analysts expect that the company will report earnings of $0.41 per share, with EPS estimates ranging from ($0.08) to $0.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Bloom Energy.

Bloom Energy (NYSE:BE) last released its earnings results on Monday, May 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.05. The firm had revenue of $200.71 million during the quarter, compared to analyst estimates of $197.35 million.

Several research firms recently issued reports on BE. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Bank of America set a $7.00 target price on CannTrust and gave the company a “buy” rating in a research report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.90.

In other Bloom Energy news, CMO Matthew Peter Ross sold 39,873 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $12.27, for a total transaction of $489,241.71. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Swaminathan Venkataraman sold 31,565 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $15.02, for a total value of $474,106.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 161,886 shares of company stock worth $2,018,217. 36.45% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc acquired a new stake in Bloom Energy during the 4th quarter worth about $40,000. Barclays PLC boosted its stake in shares of Bloom Energy by 4,865.0% during the 4th quarter. Barclays PLC now owns 4,965 shares of the company’s stock worth $50,000 after acquiring an additional 4,865 shares in the last quarter. Elgethun Capital Management purchased a new stake in shares of Bloom Energy during the 1st quarter worth about $137,000. Chicago Capital LLC purchased a new stake in shares of Bloom Energy during the 1st quarter worth about $150,000. Finally, Smithfield Trust Co. purchased a new stake in shares of Bloom Energy during the 1st quarter worth about $163,000. 32.67% of the stock is currently owned by institutional investors.

Shares of NYSE BE traded down $0.43 during mid-day trading on Friday, hitting $11.00. The stock had a trading volume of 759,686 shares, compared to its average volume of 1,538,636. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.89 and a current ratio of 2.32. The stock’s 50 day moving average price is $11.71. Bloom Energy has a twelve month low of $8.88 and a twelve month high of $38.00. The stock has a market cap of $1.25 billion and a price-to-earnings ratio of -4.53.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company 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.

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Earnings History and Estimates for Bloom Energy (NYSE:BE)

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