Clean Energy Fuels (NASDAQ:CLNE) posted its quarterly earnings data on Tuesday. The utilities provider reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07), Bloomberg Earnings reports. Clean Energy Fuels had a negative net margin of 15.47% and a negative return on equity of 10.52%. The firm had revenue of $89.30 million during the quarter, compared to analyst estimates of $83.77 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year.
Shares of Clean Energy Fuels (CLNE) opened at $1.49 on Wednesday. Clean Energy Fuels has a 52 week low of $1.31 and a 52 week high of $3.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.05 and a current ratio of 3.52.
Several research firms recently commented on CLNE. BidaskClub downgraded Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th.
TRADEMARK VIOLATION WARNING: “Clean Energy Fuels (CLNE) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://sportsperspectives.com/2018/03/14/clean-energy-fuels-clne-issues-quarterly-earnings-results-misses-estimates-by-0-07-eps.html.
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
Receive News & Ratings for Clean Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.