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FuelCell (FCEL) to Report Q2 Earnings: What's in Store?
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FuelCell Energy Inc. (FCEL - Free Report) is scheduled to release second-quarter fiscal 2019 results on Jul 11. In the last reported quarter, the company delivered a negative earnings surprise of 5.88%.
Let’s see how things are shaping up for this alternate energy company prior to the earnings announcement.
Factors to Consider
During the quarter, FuelCell commissioned the world's most advanced and flexible solid oxide fuel cell project in Pittsburgh, PA. Commissioning of this power plant is a major step forward in the commercialization of its solid oxide platform. This paves way for further growth of this clean energy source.
During the quarter, the company announced a project at the U.S. Navy Submarine Base in Groton, CT. The clean fuel cell project could assist the company to receive similar contracts from other military bases.
Earnings Whispers
A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. However, FuelCell does not have the required combination, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FuelCell currently has a Zacks Rank #2. The company’s favorable Zacks Rank, when combined with the 0.00% ESP, lowers the possibility of an earnings beat.
However, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Stocks With Favorable Combination
Let’s focus on a few stocks from the same sector that have the right combination of elements to post an earnings beat in the upcoming releases:
Plains GP Holdings, L.P. (PAGP - Free Report) is expected to release second-quarter results on Aug 6. It has an Earnings ESP of +57.14% and a Zacks Rank #1.
Ring Energy Inc. (REI - Free Report) is expected to release second-quarter results on Aug 14. It has an Earnings ESP of +6.25% and a Zacks Rank #1.
Vermilion Energy Inc. (VET - Free Report) is expected to release second-quarter results on Jul 29. It has an Earnings ESP of +3.45% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
FuelCell (FCEL) to Report Q2 Earnings: What's in Store?
FuelCell Energy Inc. (FCEL - Free Report) is scheduled to release second-quarter fiscal 2019 results on Jul 11. In the last reported quarter, the company delivered a negative earnings surprise of 5.88%.
Let’s see how things are shaping up for this alternate energy company prior to the earnings announcement.
Factors to Consider
During the quarter, FuelCell commissioned the world's most advanced and flexible solid oxide fuel cell project in Pittsburgh, PA. Commissioning of this power plant is a major step forward in the commercialization of its solid oxide platform. This paves way for further growth of this clean energy source.
During the quarter, the company announced a project at the U.S. Navy Submarine Base in Groton, CT. The clean fuel cell project could assist the company to receive similar contracts from other military bases.
Earnings Whispers
A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. However, FuelCell does not have the required combination, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
FuelCell Energy, Inc. Price and EPS Surprise
FuelCell Energy, Inc. price-eps-surprise | FuelCell Energy, Inc. Quote
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FuelCell currently has a Zacks Rank #2. The company’s favorable Zacks Rank, when combined with the 0.00% ESP, lowers the possibility of an earnings beat.
However, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Stocks With Favorable Combination
Let’s focus on a few stocks from the same sector that have the right combination of elements to post an earnings beat in the upcoming releases:
Plains GP Holdings, L.P. (PAGP - Free Report) is expected to release second-quarter results on Aug 6. It has an Earnings ESP of +57.14% and a Zacks Rank #1.
Ring Energy Inc. (REI - Free Report) is expected to release second-quarter results on Aug 14. It has an Earnings ESP of +6.25% and a Zacks Rank #1.
Vermilion Energy Inc. (VET - Free Report) is expected to release second-quarter results on Jul 29. It has an Earnings ESP of +3.45% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>