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Here's Why Bloom Energy (BE) Fell More Than Broader Market
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Bloom Energy (BE - Free Report) ended the recent trading session at $286.66, demonstrating a -3.08% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
The developer of fuel cell systems's stock has climbed by 6.7% in the past month, exceeding the Oils-Energy sector's gain of 2.42% and the S&P 500's gain of 1.4%.
The investment community will be paying close attention to the earnings performance of Bloom Energy in its upcoming release. The company is forecasted to report an EPS of $0.72, showcasing a 380% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.07 billion, indicating a 106.31% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.7 per share and revenue of $4.14 billion, which would represent changes of +255.26% and +104.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 remained unchanged. As of now, Bloom Energy holds a Zacks Rank of #3 (Hold).
Investors should also note Bloom Energy's current valuation metrics, including its Forward P/E ratio of 109.41. This expresses a premium compared to the average Forward P/E of 17.95 of its industry.
Meanwhile, BE's PEG ratio is currently 2.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other was holding an average PEG ratio of 2.05 at yesterday's closing price.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 38% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Here's Why Bloom Energy (BE) Fell More Than Broader Market
Bloom Energy (BE - Free Report) ended the recent trading session at $286.66, demonstrating a -3.08% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.66%, while the tech-heavy Nasdaq lost 0.22%.
The developer of fuel cell systems's stock has climbed by 6.7% in the past month, exceeding the Oils-Energy sector's gain of 2.42% and the S&P 500's gain of 1.4%.
The investment community will be paying close attention to the earnings performance of Bloom Energy in its upcoming release. The company is forecasted to report an EPS of $0.72, showcasing a 380% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.07 billion, indicating a 106.31% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.7 per share and revenue of $4.14 billion, which would represent changes of +255.26% and +104.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 remained unchanged. As of now, Bloom Energy holds a Zacks Rank of #3 (Hold).
Investors should also note Bloom Energy's current valuation metrics, including its Forward P/E ratio of 109.41. This expresses a premium compared to the average Forward P/E of 17.95 of its industry.
Meanwhile, BE's PEG ratio is currently 2.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Alternative Energy - Other was holding an average PEG ratio of 2.05 at yesterday's closing price.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 38% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.