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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 the most recent trading day at $262.87, moving -8.95% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.77%. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Heading into today, shares of the developer of fuel cell systems had gained 36.97% over the past month, outpacing the Oils-Energy sector's gain of 1.13% and the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. In that report, analysts expect Bloom Energy to post earnings of $0.72 per share. This would mark year-over-year growth of 380%. At the same time, our most recent consensus estimate is projecting a revenue of $1.07 billion, reflecting a 106.31% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.7 per share and revenue of $4.14 billion. These totals would mark changes of +255.26% and +104.34%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Bloom Energy. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Bloom Energy boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Bloom Energy is currently trading at a Forward P/E ratio of 106.79. This expresses a premium compared to the average Forward P/E of 17.61 of its industry.
It is also worth noting that BE currently has a PEG ratio of 2.81. 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. The Alternative Energy - Other industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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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 the most recent trading day at $262.87, moving -8.95% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.77%. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
Heading into today, shares of the developer of fuel cell systems had gained 36.97% over the past month, outpacing the Oils-Energy sector's gain of 1.13% and the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. In that report, analysts expect Bloom Energy to post earnings of $0.72 per share. This would mark year-over-year growth of 380%. At the same time, our most recent consensus estimate is projecting a revenue of $1.07 billion, reflecting a 106.31% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.7 per share and revenue of $4.14 billion. These totals would mark changes of +255.26% and +104.34%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Bloom Energy. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Bloom Energy boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Bloom Energy is currently trading at a Forward P/E ratio of 106.79. This expresses a premium compared to the average Forward P/E of 17.61 of its industry.
It is also worth noting that BE currently has a PEG ratio of 2.81. 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. The Alternative Energy - Other industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.