In the latest trading session, Bloom Energy (BE) closed at $86.65, marking a -1.06% move from the previous day. This move lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 0.08%.
The developer of fuel cell systems's stock has climbed by 39.1% in the past month, exceeding the Oils-Energy sector's gain of 3.56% and the S&P 500's gain of 4.03%.
Analysts and investors alike will be keeping a close eye on the performance of Bloom Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.08, reflecting a 900% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $412.37 million, up 24.81% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.5 per share and a revenue of $1.77 billion, signifying shifts of +78.57% and +20.37%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Bloom Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 212.5% higher within the past month. As of now, Bloom Energy holds a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Bloom Energy is at present trading with a Forward P/E ratio of 173.77. This denotes a premium relative to the industry average Forward P/E of 20.55.
One should further note that BE currently holds a PEG ratio of 6.2. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. BE's industry had an average PEG ratio of 2.44 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Bloom Energy Corporation (BE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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