In the latest close session, Bloom Energy (BE) was down 7.48% at $22.13. The stock's performance was behind the S&P 500's daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.91%, and the technology-dominated Nasdaq saw a decrease of 0.82%.
Shares of the developer of fuel cell systems witnessed a gain of 30.85% over the previous month, beating the performance of the Oils-Energy sector with its gain of 4.89%, and the S&P 500's gain of 5.17%.
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Analysts and investors alike will be keeping a close eye on the performance of Bloom Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.01, reflecting a 116.67% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $385.61 million, showing a 14.84% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.42 per share and revenue of $1.75 billion. These totals would mark changes of +50% and +18.95%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Bloom Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Bloom Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Bloom Energy is holding a Forward P/E ratio of 56.5. This expresses a premium compared to the average Forward P/E of 19.87 of its industry.
We can additionally observe that BE currently boasts a PEG ratio of 2.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Alternative Energy – Other industry had an average PEG ratio of 2.32.
The Alternative Energy – Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 35% of over 250 industries.
