We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bloom Energy (BE) to Post Q4 Earnings: What's in Store?
Read MoreHide Full Article
Bloom Energy (BE - Free Report) is scheduled to release fourth-quarter 2020 results on Feb 10, after market close. This clean energy producer company delivered an earnings surprise of 71.4% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Bloom Energy’s ongoing cost-saving initiatives and elimination of high-cost debts are likely to have boosted margins in the fourth quarter. Revenues from a diversified customer base are also likely to have had a positive impact on the top line in the fourth quarter.
Expectation
The company expects fourth-quarter 2020 revenues to be slightly higher year over year due to strong operating margins and income performance. The Zacks Consensus Estimate for quarterly earnings is pegged at 2 cents, which indicates a 50% year-over-year decline from the year-ago reported quarter.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Bloom 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. That is the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is -250.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Ameresco, Inc. (AMRC - Free Report) is likely to come up with a beat when it reports fourth-quarter 2020 results. It has an Earnings ESP of +5.08% and a Zacks Rank #2.
Devon Energy Corporation (DVN - Free Report) is set to release fourth-quarter 2020 results on Feb 16. It has an Earnings ESP of +11.11% and sports a Zacks Rank #1.
Diamondback Energy (FANG - Free Report) is set to release fourth-quarter 2020 results on Feb 22. It has an Earnings ESP of +8.58% and a Zacks Rank #2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Shutterstock
Bloom Energy (BE) to Post Q4 Earnings: What's in Store?
Bloom Energy (BE - Free Report) is scheduled to release fourth-quarter 2020 results on Feb 10, after market close. This clean energy producer company delivered an earnings surprise of 71.4% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Bloom Energy’s ongoing cost-saving initiatives and elimination of high-cost debts are likely to have boosted margins in the fourth quarter. Revenues from a diversified customer base are also likely to have had a positive impact on the top line in the fourth quarter.
Expectation
The company expects fourth-quarter 2020 revenues to be slightly higher year over year due to strong operating margins and income performance. The Zacks Consensus Estimate for quarterly earnings is pegged at 2 cents, which indicates a 50% year-over-year decline from the year-ago reported quarter.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Bloom 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. That is the case here as you will see below.
Bloom Energy Corporation Price and EPS Surprise
Bloom Energy Corporation price-eps-surprise | Bloom Energy Corporation Quote
Earnings ESP: The company’s Earnings ESP is -250.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Bloom Energy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Ameresco, Inc. (AMRC - Free Report) is likely to come up with a beat when it reports fourth-quarter 2020 results. It has an Earnings ESP of +5.08% and a Zacks Rank #2.
Devon Energy Corporation (DVN - Free Report) is set to release fourth-quarter 2020 results on Feb 16. It has an Earnings ESP of +11.11% and sports a Zacks Rank #1.
Diamondback Energy (FANG - Free Report) is set to release fourth-quarter 2020 results on Feb 22. It has an Earnings ESP of +8.58% and a Zacks Rank #2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>