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Bloom Energy (BE) Dips More Than Broader Market: What You Should Know
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Bloom Energy (BE - Free Report) ended the recent trading session at $252.02, demonstrating a -18.49% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.05%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.24%.
Shares of the developer of fuel cell systems have appreciated by 6.61% over the course of the past month, outperforming the Oils-Energy sector's loss of 8.57%, and the S&P 500's loss of 1.42%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. The company is forecasted to report an EPS of $0.35, showcasing a 250% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $766.88 million, indicating a 91.13% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.91 per share and a revenue of $3.65 billion, indicating changes of +151.32% and +80.33%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Bloom Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Bloom Energy is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Bloom Energy has a Forward P/E ratio of 161.87 right now. This denotes a premium relative to the industry average Forward P/E of 18.23.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow BE in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Bloom Energy (BE) Dips More Than Broader Market: What You Should Know
Bloom Energy (BE - Free Report) ended the recent trading session at $252.02, demonstrating a -18.49% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.05%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.24%.
Shares of the developer of fuel cell systems have appreciated by 6.61% over the course of the past month, outperforming the Oils-Energy sector's loss of 8.57%, and the S&P 500's loss of 1.42%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. The company is forecasted to report an EPS of $0.35, showcasing a 250% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $766.88 million, indicating a 91.13% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.91 per share and a revenue of $3.65 billion, indicating changes of +151.32% and +80.33%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Bloom Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Bloom Energy is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Bloom Energy has a Forward P/E ratio of 161.87 right now. This denotes a premium relative to the industry average Forward P/E of 18.23.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow BE in the coming trading sessions, be sure to utilize Zacks.com.