-$0.11 Earnings Per Share Expected for Bloom Energy Co. (NYSE:BE) This Quarter

Analysts forecast that Bloom Energy Co. (NYSE:BEGet Rating) will report earnings per share of ($0.11) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Bloom Energy’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.05). Bloom Energy posted earnings of ($0.07) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 57.1%. The firm is scheduled to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Bloom Energy will report full year earnings of ($0.24) per share for the current fiscal year, with EPS estimates ranging from ($0.31) to ($0.05). For the next financial year, analysts expect that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.05 to $0.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Bloom Energy.

Bloom Energy (NYSE:BEGet Rating) last announced its earnings results on Thursday, February 10th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.01. The business had revenue of $342.47 million during the quarter, compared to the consensus estimate of $308.94 million. Bloom Energy had a negative net margin of 16.92% and a negative return on equity of 738.94%. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) earnings per share.

BE has been the subject of a number of research reports. Truist Financial reduced their price target on shares of Bloom Energy from $33.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, January 24th. KeyCorp reiterated an “overweight” rating and issued a $30.00 price target on shares of Bloom Energy in a report on Wednesday, January 5th. Bank of America upgraded Bloom Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $28.00 to $29.00 in a report on Monday, February 14th. Susquehanna upgraded Bloom Energy from a “neutral” rating to a “positive” rating and boosted their price target for the company from $18.00 to $33.00 in a report on Monday, February 28th. Finally, Morgan Stanley lowered their price objective on shares of Bloom Energy from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.33.

BE traded up $0.58 during trading on Monday, reaching $19.64. The company’s stock had a trading volume of 3,439,368 shares, compared to its average volume of 3,978,725. The firm has a fifty day moving average of $22.30. Bloom Energy has a 52-week low of $12.55 and a 52-week high of $37.01. The company has a debt-to-equity ratio of 2,524.52, a current ratio of 2.35 and a quick ratio of 1.94. The company has a market capitalization of $3.48 billion, a P/E ratio of -20.67 and a beta of 3.43.

In related news, EVP Glen Griffiths sold 3,057 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $25.00, for a total transaction of $76,425.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Swaminathan Venkataraman sold 13,758 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $19.64, for a total transaction of $270,207.12. The disclosure for this sale can be found here. Insiders sold 166,218 shares of company stock valued at $3,440,960 over the last quarter. Insiders own 2.78% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Bloom Energy by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,588,580 shares of the company’s stock valued at $29,739,000 after purchasing an additional 210,834 shares in the last quarter. Boyd Watterson Asset Management LLC OH acquired a new stake in Bloom Energy in the 4th quarter worth $413,000. Russell Investments Group Ltd. acquired a new stake in Bloom Energy in the 4th quarter worth $1,492,000. KBC Group NV grew its position in Bloom Energy by 22.1% in the 3rd quarter. KBC Group NV now owns 145,532 shares of the company’s stock worth $2,724,000 after purchasing an additional 26,306 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Bloom Energy during the 4th quarter worth about $252,000. Hedge funds and other institutional investors own 61.32% of the company’s stock.

About Bloom Energy (Get Rating)

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion.

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