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Here's What Key Metrics Tell Us About Clean Energy Fuels (CLNE) Q2 Earnings

Zacks Equity Research
·2 min read

For the quarter ended June 2024, Clean Energy Fuels (CLNE) reported revenue of $97.95 million, up 8.2% over the same period last year. EPS came in at $0.01, compared to $0.00 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $114.65 million, representing a surprise of -14.56%. The company delivered an EPS surprise of +125.00%, with the consensus EPS estimate being -$0.04.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Clean Energy Fuels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total Fuel Volume

    : 70.4 Mgal compared to the 76.25 Mgal average estimate based on two analysts.

  • Revenue- Service

    : $14.99 million versus $14.52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +31.9% change.

  • Revenue- Product

    : $82.96 million versus $99.94 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change.

View all Key Company Metrics for Clean Energy Fuels here>>>

Shares of Clean Energy Fuels have returned +9.5% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

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Clean Energy Fuels Corp. (CLNE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research