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Bloom Energy (BE) Stock Moves -1.28%: What You Should Know
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Bloom Energy (BE - Free Report) closed the most recent trading day at $157.17, moving -1.28% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.52%. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 1.78%.
Prior to today's trading, shares of the developer of fuel cell systems had gained 2.36% lagged the Oils-Energy sector's gain of 5.1% and outpaced the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.09, marking a 200% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $498.11 million, indicating a 52.79% increase compared to the same quarter of the previous year.
BE's full-year Zacks Consensus Estimates are calling for earnings of $1.38 per share and revenue of $3.25 billion. These results would represent year-over-year changes of +81.58% and +60.51%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Bloom Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Bloom Energy is currently trading at a Forward P/E ratio of 115.37. This expresses a premium compared to the average Forward P/E of 19.36 of its industry.
We can additionally observe that BE currently boasts a PEG ratio of 4.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Alternative Energy - Other industry had an average PEG ratio of 1.68.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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) Stock Moves -1.28%: What You Should Know
Bloom Energy (BE - Free Report) closed the most recent trading day at $157.17, moving -1.28% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.52%. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 1.78%.
Prior to today's trading, shares of the developer of fuel cell systems had gained 2.36% lagged the Oils-Energy sector's gain of 5.1% and outpaced the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.09, marking a 200% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $498.11 million, indicating a 52.79% increase compared to the same quarter of the previous year.
BE's full-year Zacks Consensus Estimates are calling for earnings of $1.38 per share and revenue of $3.25 billion. These results would represent year-over-year changes of +81.58% and +60.51%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Bloom Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Bloom Energy is currently trading at a Forward P/E ratio of 115.37. This expresses a premium compared to the average Forward P/E of 19.36 of its industry.
We can additionally observe that BE currently boasts a PEG ratio of 4.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Alternative Energy - Other industry had an average PEG ratio of 1.68.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 143, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.