Bloom Energy Corp (NYSE:BE) Expected to Announce Earnings of $0.03 Per Share

Equities analysts expect Bloom Energy Corp (NYSE:BE) to post earnings of $0.03 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Bloom Energy’s earnings, with estimates ranging from ($0.05) to $0.13. Bloom Energy posted earnings of ($0.12) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 125%. The firm is scheduled to announce its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Bloom Energy will report full-year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.44) to ($0.19). For the next year, analysts anticipate that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.42) to ($0.12). Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Bloom Energy.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.59). The company had revenue of $233.80 million during the quarter, compared to analyst estimates of $207.56 million. Bloom Energy had a negative return on equity of 539.17% and a negative net margin of 38.77%. The company’s quarterly revenue was up 38.4% compared to the same quarter last year.

Several brokerages have issued reports on BE. Robert W. Baird dropped their price target on Bloom Energy from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. ValuEngine raised Bloom Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. KeyCorp reaffirmed an “overweight” rating and set a $5.00 price target on shares of Bloom Energy in a research note on Monday, October 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $12.00 price target (down previously from $18.00) on shares of Bloom Energy in a research note on Thursday, September 19th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Bloom Energy in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $9.29.

In other news, EVP Swaminathan Venkataraman sold 86,324 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $3.41, for a total value of $294,364.84. Also, COO Susan Seilheimer Brennan sold 55,486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.41, for a total value of $189,207.26. In the last three months, insiders sold 151,638 shares of company stock valued at $514,721. 36.45% of the stock is currently owned by corporate insiders.

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A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new position in Bloom Energy during the 3rd quarter valued at about $120,000. SG Americas Securities LLC purchased a new position in shares of Bloom Energy during the 3rd quarter worth approximately $243,000. First Trust Advisors LP grew its holdings in shares of Bloom Energy by 17.8% during the 3rd quarter. First Trust Advisors LP now owns 68,485 shares of the company’s stock worth $223,000 after acquiring an additional 10,353 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Bloom Energy during the 3rd quarter worth approximately $616,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Bloom Energy by 121.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,317,631 shares of the company’s stock worth $4,282,000 after acquiring an additional 722,654 shares during the period. Institutional investors own 38.89% of the company’s stock.

BE stock traded up $0.87 during mid-day trading on Tuesday, hitting $5.17. 9,474,566 shares of the stock were exchanged, compared to its average volume of 1,755,223. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.75 and a quick ratio of 1.44. The business has a fifty day moving average price of $3.20 and a 200 day moving average price of $8.27. Bloom Energy has a 12 month low of $2.44 and a 12 month high of $19.87. The stock has a market capitalization of $599.15 million, a price-to-earnings ratio of -2.13 and a beta of 3.22.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.

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Earnings History and Estimates for Bloom Energy (NYSE:BE)

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