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Bloom Energy (BE) Outpaces Stock Market Gains: What You Should Know
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Bloom Energy (BE - Free Report) closed at $136.87 in the latest trading session, marking a +2.09% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.26%.
Heading into today, shares of the developer of fuel cell systems had gained 41.16% over the past month, outpacing the Oils-Energy sector's loss of 0.36% and the S&P 500's gain of 1.89%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. The company is expected to report EPS of $0.25, down 41.86% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $649.12 million, up 13.41% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.52 per share and revenue of $1.9 billion, which would represent changes of +85.71% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Bloom Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Bloom Energy is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Bloom Energy currently has a Forward P/E ratio of 143.85. This signifies a premium in comparison to the average Forward P/E of 19.05 for its industry.
It's also important to note that BE currently trades at a PEG ratio of 5.75. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Alternative Energy - Other industry stood at 1.22 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Bloom Energy (BE) Outpaces Stock Market Gains: What You Should Know
Bloom Energy (BE - Free Report) closed at $136.87 in the latest trading session, marking a +2.09% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.26%.
Heading into today, shares of the developer of fuel cell systems had gained 41.16% over the past month, outpacing the Oils-Energy sector's loss of 0.36% and the S&P 500's gain of 1.89%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. The company is expected to report EPS of $0.25, down 41.86% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $649.12 million, up 13.41% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.52 per share and revenue of $1.9 billion, which would represent changes of +85.71% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Bloom Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Bloom Energy is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Bloom Energy currently has a Forward P/E ratio of 143.85. This signifies a premium in comparison to the average Forward P/E of 19.05 for its industry.
It's also important to note that BE currently trades at a PEG ratio of 5.75. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Alternative Energy - Other industry stood at 1.22 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.