Brokerages Anticipate Bloom Energy Corp (NYSE:BE) Will Post Earnings of $0.01 Per Share

Wall Street analysts expect Bloom Energy Corp (NYSE:BE) to announce $0.01 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Bloom Energy’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.05. Bloom Energy posted earnings per share of ($0.12) during the same quarter last year, which indicates a positive year over year growth rate of 108.3%. The firm is expected to issue its next earnings results on Tuesday, February 4th.

On average, analysts expect that Bloom Energy will report full year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.39) to ($0.27). For the next financial year, analysts anticipate that the company will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.48) to $0.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Bloom Energy.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, November 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.07. Bloom Energy had a negative return on equity of 867.76% and a negative net margin of 31.91%. The business had revenue of $233.47 million for the quarter, compared to analyst estimates of $230.79 million.

A number of brokerages have recently issued reports on BE. KeyCorp reaffirmed an “overweight” rating and set a $5.00 target price on shares of Bloom Energy in a research report on Monday, October 14th. Raymond James dropped their target price on Bloom Energy from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 1st. Finally, Zacks Investment Research lowered Bloom Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $8.01.

Shares of NYSE BE traded up $0.43 during midday trading on Friday, reaching $9.71. 3,914,672 shares of the company’s stock were exchanged, compared to its average volume of 2,710,349. Bloom Energy has a 52-week low of $2.44 and a 52-week high of $16.63. The stock has a market capitalization of $1.10 billion, a PE ratio of -3.85 and a beta of 4.14. The business’s fifty day moving average price is $7.11 and its two-hundred day moving average price is $6.46.

In related news, CEO Kr Sridhar sold 473,175 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $6.55, for a total value of $3,099,296.25. Following the completion of the sale, the chief executive officer now directly owns 9,394 shares of the company’s stock, valued at $61,530.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Hari Pillai sold 37,500 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $6.81, for a total value of $255,375.00. Following the completion of the sale, the executive vice president now directly owns 37,500 shares of the company’s stock, valued at $255,375. The disclosure for this sale can be found here. Over the last three months, insiders sold 610,719 shares of company stock valued at $3,882,904. 36.45% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in BE. BlackRock Inc. increased its holdings in Bloom Energy by 721.2% in the second quarter. BlackRock Inc. now owns 3,047,269 shares of the company’s stock valued at $37,390,000 after buying an additional 2,676,215 shares during the last quarter. Vanguard Group Inc. increased its holdings in Bloom Energy by 160.2% in the second quarter. Vanguard Group Inc. now owns 3,839,447 shares of the company’s stock valued at $47,110,000 after buying an additional 2,364,131 shares during the last quarter. Millennium Management LLC increased its holdings in Bloom Energy by 363.9% in the third quarter. Millennium Management LLC now owns 2,319,524 shares of the company’s stock valued at $7,538,000 after buying an additional 1,819,524 shares during the last quarter. FMR LLC bought a new stake in Bloom Energy in the first quarter valued at about $11,026,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Bloom Energy in the first quarter valued at about $10,129,000. 39.51% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

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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