Brokerages Anticipate Bloom Energy Corp (NYSE:BE) to Announce -$0.14 Earnings Per Share

Wall Street analysts expect Bloom Energy Corp (NYSE:BE) to post earnings per share of ($0.14) for the current quarter, according to Zacks. Five analysts have issued estimates for Bloom Energy’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.23). Bloom Energy posted earnings of ($0.27) per share in the same quarter last year, which suggests a positive year over year growth rate of 48.1%. The firm is expected to announce its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Bloom Energy will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.39) to $0.00. For the next financial year, analysts expect that the company will post earnings of $0.41 per share, with EPS estimates ranging from ($0.08) to $0.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Bloom Energy.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.80) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.85) by $0.05. The firm had revenue of $200.71 million for the quarter, compared to analyst estimates of $197.35 million.

A number of research firms recently weighed in on BE. Bank of America set a $7.00 price target on shares of CannTrust and gave the company a “buy” rating in a report on Thursday, June 20th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Bloom Energy presently has an average rating of “Buy” and a consensus price target of $20.90.

BE traded down $0.43 during trading hours on Friday, reaching $11.00. 759,686 shares of the stock traded hands, compared to its average volume of 1,538,636. The business’s fifty day moving average price is $11.71. The firm has a market cap of $1.25 billion and a P/E ratio of -4.53. Bloom Energy has a fifty-two week low of $8.88 and a fifty-two week high of $38.00. The company has a current ratio of 2.32, a quick ratio of 1.89 and a debt-to-equity ratio of 10.34.

In other Bloom Energy news, EVP Shawn Marie Soderberg sold 20,831 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $12.28, for a total transaction of $255,804.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Swaminathan Venkataraman sold 31,565 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $15.02, for a total transaction of $474,106.30. The disclosure for this sale can be found here. Insiders have sold a total of 161,886 shares of company stock worth $2,018,217 over the last quarter. 36.45% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of BE. Paulson Wealth Management Inc. bought a new stake in Bloom Energy in the 1st quarter valued at about $734,000. BlackRock Inc. increased its stake in Bloom Energy by 29.3% during the 4th quarter. BlackRock Inc. now owns 432,121 shares of the company’s stock valued at $4,313,000 after buying an additional 97,927 shares during the period. Whitnell & Co. acquired a new position in Bloom Energy during the 1st quarter valued at about $413,000. Waldron Private Wealth LLC acquired a new position in Bloom Energy during the 1st quarter valued at about $323,000. Finally, Smithfield Trust Co. acquired a new position in Bloom Energy during the 1st quarter valued at about $163,000. Institutional investors own 32.67% of the company’s stock.

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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