Advertisement
Canada markets closed

  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CAD/USD

    0.7275
    +0.0012 (+0.16%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • Bitcoin CAD

    87,408.14
    -1,470.64 (-1.65%)
     

  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     

  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

Bloom Energy (BE) to Report Q4 Earnings: What's in Store? (Revised)

Zacks Equity Research
·2 min read

Bloom Energy Corporation BE delivered a positive earnings surprise of 200% in the last reported quarter.

Let’s see how things have shaped up for this alternate energy company prior to the fourth- quarter 2019 earnings announcement.

What the Quantitative Model States

Our proven model does not conclusively predict an earnings beat for Bloom Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation Price and EPS Surprise
Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation price-eps-surprise | Bloom Energy Corporation Quote

ADVERTISEMENT

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Bloom Energy currently has a Zacks Rank of 3.

Factors to Note

Bloom Energy expects fourth-quarter Acceptances (1 acceptance would be 100 kilowatts) in the range of 355-385 and average sales price (per kilowatt) within $5,920-$6,220.

Since the company’s server produces electricity on site, it avoids distribution and transmission costs and enables customers to lower expenses. As a consequence, Acceptances for the to-be-reported quarter indicates a significant increase from 257 recorded in the comparable year-ago quarter.

Bloom Energy’s collaboration with Samsung Heavy Industries has opened a new market with huge opportunities for the company.

The Zacks Consensus Estimate for the quarter’s revenues and earnings is pegged at $268.3 million and 1 cent per share, respectively.

Other Stocks With Favorable Combination

Here are a few other stocks from the same sector that too have the right combination of elements to post an earnings beat in the upcoming releases:

Covanta Holdings Corporation CVA is likely to release fourth-quarter results on Feb 13. It has an Earnings ESP of +42.86% and a Zacks Rank #1.

TC Energy Corporation TRP is set to release fourth-quarter results on Feb 13. It has an Earnings ESP of +0.65% and a Zacks Rank #2.

Berry Petroleum Corporation BRY is likely to release fourth-quarter results on Mar 4. It has an Earnings ESP of +2.5% and a Zacks Rank #1.

(We are reissuing this article to correct a mistake. The original article, issued on January 31, 2020, should no longer be relied upon.)


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
TC Energy Corporation (TRP) : Free Stock Analysis Report
 
Berry Petroleum Corporation (BRY) : Free Stock Analysis Report
 
Covanta Holding Corporation (CVA) : Free Stock Analysis Report
 
Bloom Energy Corporation (BE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research