We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bloom Energy (BE) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
The most recent trading session ended with Bloom Energy (BE - Free Report) standing at $10.14, reflecting a -0.1% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%.
The developer of fuel cell systems's shares have seen a decrease of 3.88% over the last month, surpassing the Oils-Energy sector's loss of 9.36% and falling behind the S&P 500's gain of 1.67%.
The investment community will be paying close attention to the earnings performance of Bloom Energy in its upcoming release. The company is slated to reveal its earnings on November 7, 2024. In that report, analysts expect Bloom Energy to post earnings of $0.09 per share. This would mark a year-over-year decline of 40%. Simultaneously, our latest consensus estimate expects the revenue to be $385.88 million, showing a 3.59% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.13 per share and a revenue of $1.47 billion, demonstrating changes of +230% and +9.93%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Bloom Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.29% lower. Bloom Energy currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Bloom Energy currently has a Forward P/E ratio of 76.89. This represents a premium compared to its industry's average Forward P/E of 27.27.
One should further note that BE currently holds a PEG ratio of 3.08. 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 2.64 at yesterday's closing price.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bloom Energy (BE) Stock Declines While Market Improves: Some Information for Investors
The most recent trading session ended with Bloom Energy (BE - Free Report) standing at $10.14, reflecting a -0.1% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%.
The developer of fuel cell systems's shares have seen a decrease of 3.88% over the last month, surpassing the Oils-Energy sector's loss of 9.36% and falling behind the S&P 500's gain of 1.67%.
The investment community will be paying close attention to the earnings performance of Bloom Energy in its upcoming release. The company is slated to reveal its earnings on November 7, 2024. In that report, analysts expect Bloom Energy to post earnings of $0.09 per share. This would mark a year-over-year decline of 40%. Simultaneously, our latest consensus estimate expects the revenue to be $385.88 million, showing a 3.59% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.13 per share and a revenue of $1.47 billion, demonstrating changes of +230% and +9.93%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Bloom Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.29% lower. Bloom Energy currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Bloom Energy currently has a Forward P/E ratio of 76.89. This represents a premium compared to its industry's average Forward P/E of 27.27.
One should further note that BE currently holds a PEG ratio of 3.08. 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 2.64 at yesterday's closing price.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.