FuelCell Energy Inc. (FCEL - Free Report) is slated to release second-quarter fiscal 2022 results on Jun 9. In the last reported quarter, the company’s earnings were on par with expectations.Let’s see how things have shaped up for this alternate energy company prior to the earnings announcement.
Factors to Note
FCEL’s fiscal second-quarter earnings are expected to have gained from the increasing adoption of the fuel cell technology and proper execution of projects. The execution of project backlog is expected to have boosted revenues.FuelCell Energy is likely to have benefited from lower capital servicing costs in the fiscal second quarter as FuelCell Energy reduced $87.3 million outstanding long-term debt during fiscal 2021.
Expectations
The Zacks Consensus Estimate for the top and bottom lines is pegged at $31.84 million and a loss of 6 cents per share, respectively. The top-line estimates indicate year-over-year growth of 128.3%.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for FuelCell Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. FuelCell does not have the required combination, as you can see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: FCEL’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 Energy currently has a Zacks Rank #3.
Stocks with a Favorable Combination
Renewable Energy Group, Inc. , Suncor Energy (SU - Free Report) and Valero Energy (VLO - Free Report) are some stocks from the same sector that have the right combination of elements to post an earnings beat in the upcoming releases. All the mentioned stocks currently sport a Zacks Rank of #1.Renewable Energy Group, Suncor and Valero have an Earnings ESP of +50%, +7.21% and +9.72%, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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FuelCell Energy Inc. (FCEL - Free Report) is slated to release second-quarter fiscal 2022 results on Jun 9. In the last reported quarter, the company’s earnings were on par with expectations.
Let’s see how things have shaped up for this alternate energy company prior to the earnings announcement.
Factors to Note
FCEL’s fiscal second-quarter earnings are expected to have gained from the increasing adoption of the fuel cell technology and proper execution of projects. The execution of project backlog is expected to have boosted revenues.
FuelCell Energy is likely to have benefited from lower capital servicing costs in the fiscal second quarter as FuelCell Energy reduced $87.3 million outstanding long-term debt during fiscal 2021.
Expectations
The Zacks Consensus Estimate for the top and bottom lines is pegged at $31.84 million and a loss of 6 cents per share, respectively. The top-line estimates indicate year-over-year growth of 128.3%.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for FuelCell Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. FuelCell does not have the required combination, as you can see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: FCEL’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 Energy currently has a Zacks Rank #3.
Stocks with a Favorable Combination
Renewable Energy Group, Inc. , Suncor Energy (SU - Free Report) and Valero Energy (VLO - Free Report) are some stocks from the same sector that have the right combination of elements to post an earnings beat in the upcoming releases. All the mentioned stocks currently sport a Zacks Rank of #1.
Renewable Energy Group, Suncor and Valero have an Earnings ESP of +50%, +7.21% and +9.72%, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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