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Bloom Energy (BE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Bloom Energy (BE - Free Report) closed at $119.51 in the latest trading session, marking a -10.3% move from the prior day. This move lagged the S&P 500's daily loss of 0.4%. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.73%.
The developer of fuel cell systems's shares have seen a decrease of 14.41% over the last month, not keeping up with the Oils-Energy sector's gain of 10.64% and the S&P 500's loss of 7.34%.
The upcoming earnings release of Bloom Energy will be of great interest to investors. On that day, Bloom Energy is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 200%. Simultaneously, our latest consensus estimate expects the revenue to be $498.11 million, showing a 52.79% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.38 per share and a revenue of $3.25 billion, signifying shifts of +81.58% and +60.51%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Bloom Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Bloom Energy possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Bloom Energy is presently trading at a Forward P/E ratio of 96.55. This signifies a premium in comparison to the average Forward P/E of 18.84 for its industry.
Meanwhile, BE's PEG ratio is currently 3.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Alternative Energy - Other industry held an average PEG ratio of 2.36.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 96, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Bloom Energy (BE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Bloom Energy (BE - Free Report) closed at $119.51 in the latest trading session, marking a -10.3% move from the prior day. This move lagged the S&P 500's daily loss of 0.4%. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.73%.
The developer of fuel cell systems's shares have seen a decrease of 14.41% over the last month, not keeping up with the Oils-Energy sector's gain of 10.64% and the S&P 500's loss of 7.34%.
The upcoming earnings release of Bloom Energy will be of great interest to investors. On that day, Bloom Energy is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 200%. Simultaneously, our latest consensus estimate expects the revenue to be $498.11 million, showing a 52.79% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.38 per share and a revenue of $3.25 billion, signifying shifts of +81.58% and +60.51%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Bloom Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Bloom Energy possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Bloom Energy is presently trading at a Forward P/E ratio of 96.55. This signifies a premium in comparison to the average Forward P/E of 18.84 for its industry.
Meanwhile, BE's PEG ratio is currently 3.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Alternative Energy - Other industry held an average PEG ratio of 2.36.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 96, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.