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Bloom Energy (BE) Declines More Than Market: Some Information for Investors
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Bloom Energy (BE - Free Report) ended the recent trading session at $257.05, demonstrating a -6.78% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.48%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq depreciated by 0.56%.
Prior to today's trading, shares of the developer of fuel cell systems had gained 19.92% outpaced the Oils-Energy sector's gain of 4.87% and the S&P 500's loss of 0.82%.
The upcoming earnings release of Bloom Energy will be of great interest to investors. The company is forecasted to report an EPS of $0.72, showcasing a 380% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.07 billion, indicating a 106.31% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.7 per share and a revenue of $4.14 billion, signifying shifts of +255.26% and +104.34%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.69% higher. Bloom Energy currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Bloom Energy is holding a Forward P/E ratio of 102. This signifies a premium in comparison to the average Forward P/E of 17.63 for its industry.
It's also important to note that BE currently trades at a PEG ratio of 2.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 2.27 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Bloom Energy (BE) Declines More Than Market: Some Information for Investors
Bloom Energy (BE - Free Report) ended the recent trading session at $257.05, demonstrating a -6.78% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.48%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq depreciated by 0.56%.
Prior to today's trading, shares of the developer of fuel cell systems had gained 19.92% outpaced the Oils-Energy sector's gain of 4.87% and the S&P 500's loss of 0.82%.
The upcoming earnings release of Bloom Energy will be of great interest to investors. The company is forecasted to report an EPS of $0.72, showcasing a 380% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.07 billion, indicating a 106.31% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.7 per share and a revenue of $4.14 billion, signifying shifts of +255.26% and +104.34%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.69% higher. Bloom Energy currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Bloom Energy is holding a Forward P/E ratio of 102. This signifies a premium in comparison to the average Forward P/E of 17.63 for its industry.
It's also important to note that BE currently trades at a PEG ratio of 2.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 2.27 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.