$0.03 Earnings Per Share Expected for Bloom Energy Corp (NYSE:BE) This Quarter

Brokerages expect that Bloom Energy Corp (NYSE:BE) will report $0.03 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Bloom Energy’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.13. Bloom Energy reported earnings per share of ($0.12) during the same quarter last year, which would indicate a positive year-over-year growth rate of 125%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Bloom Energy will report full-year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.44) to ($0.19). For the next fiscal year, analysts forecast that the company will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.42) to ($0.12). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Bloom Energy.

Bloom Energy (NYSE:BE) last posted its earnings results on Monday, August 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.59). The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $207.56 million. Bloom Energy had a negative net margin of 38.77% and a negative return on equity of 539.17%. Bloom Energy’s quarterly revenue was up 38.4% compared to the same quarter last year.

BE has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Bloom Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Raymond James decreased their price objective on shares of Bloom Energy from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, October 1st. Robert W. Baird decreased their price objective on shares of Bloom Energy from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Bank of America decreased their price objective on shares of Bloom Energy from $6.00 to $4.00 and set an “underperform” rating for the company in a research report on Tuesday, September 3rd. Finally, ValuEngine upgraded shares of Bloom Energy from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.29.

In other news, COO Susan Seilheimer Brennan sold 55,486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.41, for a total transaction of $189,207.26. Also, EVP Swaminathan Venkataraman sold 86,324 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $3.41, for a total transaction of $294,364.84. In the last quarter, insiders sold 151,638 shares of company stock valued at $514,721. Insiders own 36.45% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Bloom Energy by 160.2% during the second quarter. Vanguard Group Inc. now owns 3,839,447 shares of the company’s stock worth $47,110,000 after purchasing an additional 2,364,131 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Bloom Energy by 25,032.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 304,100 shares of the company’s stock valued at $3,731,000 after acquiring an additional 302,890 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Bloom Energy by 127.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 837,885 shares of the company’s stock valued at $9,753,000 after acquiring an additional 470,291 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Bloom Energy by 18.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 3,183,766 shares of the company’s stock valued at $39,065,000 after acquiring an additional 504,302 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in Bloom Energy by 52.8% during the 2nd quarter. Advisor Group Inc. now owns 30,317 shares of the company’s stock valued at $372,000 after acquiring an additional 10,470 shares in the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

NYSE BE traded up $0.87 on Tuesday, reaching $5.17. 9,474,566 shares of the company’s stock traded hands, compared to its average volume of 1,755,223. The firm has a market cap of $599.15 million, a price-to-earnings ratio of -2.13 and a beta of 3.22. The stock has a 50 day moving average price of $3.20 and a 200-day moving average price of $8.27. Bloom Energy has a fifty-two week low of $2.44 and a fifty-two week high of $19.87. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.44 and a current ratio of 1.75.

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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