Core Insights - New Fortress Energy (NFE) reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $1.01 per share a year ago, representing an earnings surprise of 116.67% [1] - The company achieved revenues of $679 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.88%, although this is a decrease from year-ago revenues of $758.36 million [2] - New Fortress Energy shares have declined approximately 33.9% year-to-date, contrasting with the S&P 500's gain of 1.2% [3] Earnings Outlook - The future performance of New Fortress Energy's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $668.58 million, and for the current fiscal year, it is $0.23 on revenues of $2.88 billion [7] Industry Context - The Oil and Gas - Integrated - International industry, to which New Fortress Energy belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Guidance - New Fortress Energy Inc. reaffirmed its Q4 and full-year 2024 guidance[6] Investor Relations - An Investor Update presentation was posted on January 28, 2025, related to potential refinancing[7] - The presentation is available on the corporate website newfortressenergy.com[7]

Core Viewpoint - New Fortress Energy (NFE) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended December 2024, with actual results being a significant factor influencing its near-term stock price [1][3]. Earnings Expectations - The consensus estimate for quarterly earnings is $0.06 per share, reflecting a year-over-year decrease of 94.1% [3]. - Expected revenues are projected at $629.39 million, which is a 17% decline from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 322.94% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. - A positive Earnings ESP of +6.52% suggests that analysts have recently become more optimistic about the company's earnings [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from consensus estimates, with positive readings being more reliable [7][8]. - New Fortress Energy has a Zacks Rank of 3, which, combined with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, New Fortress Energy exceeded the expected earnings of $0.01 per share by delivering $0.05, resulting in a surprise of +400% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - New Fortress Energy is positioned as a potential earnings-beat candidate, but investors should consider additional factors beyond earnings results when making investment decisions [16].

Core Viewpoint - New Fortress Energy Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its revenue outlook and growth projections, particularly related to its Fast Liquefied Natural Gas (LNG) projects [2]. Group 1: Allegations and Impact - The complaint alleges that New Fortress Energy misrepresented its ability to deliver on its Fast LNG projects, specifically failing to meet the timeline for the FLNG 1 project, which was expected to be operational by March 2024 [2]. - The company reportedly incurred losses of approximately $150 million per quarter due to delays in its LNG projects, yet continued to promote the rapid development of its facilities [2]. - Investors were misled by materially flawed statements regarding the company's growth and confidence, which did not reflect the actual risks involved [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as December 12, 2022, to August 8, 2024, and shareholders are encouraged to register for participation [3]. - The deadline for shareholders to seek lead plaintiff status is November 18, 2024, and there is no cost or obligation to participate in the case [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [3]. Group 3: Legal Representation - The Gross Law Firm is leading the class action, emphasizing its commitment to protecting investors' rights against deceit and fraud in business practices [4]. - The firm aims to hold companies accountable for misleading statements that lead to artificial inflation of stock prices [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased New Fortress Energy Inc. securities between February 29, 2024, and August 8, 2024, of the upcoming lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased New Fortress securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 18, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Background - The lawsuit alleges that during the Class Period, New Fortress misled investors regarding its revenue outlook and growth potential while downplaying risks associated with its Fast Liquefied Natural Gas (LNG) projects [5]. - Specifically, the FLNG 1 project was not operational by the promised March 2024 date, leading to losses of approximately $150 million per quarter due to delays, despite continued public confidence from the defendants [5].

Core Viewpoint - A securities class action lawsuit has been filed against New Fortress Energy Inc. for allegedly misleading investors regarding its revenue outlook and the progress of its Fast LNG projects during the class period from December 12, 2022, to August 8, 2024 [1][3]. Group 1: Allegations Against New Fortress Energy - The lawsuit claims that New Fortress made false or misleading statements about its projected revenue and growth, while downplaying risks associated with its Fast LNG projects [3]. - Specifically, it is alleged that the Fast LNG 1 project was not on track to be operational by the publicly stated deadline of March 2024 [3]. Group 2: Legal Process for Investors - Investors in New Fortress have until November 18, 2024, to apply to be appointed as lead plaintiffs in the class action, representing the interests of all class members [4]. - The lead plaintiff will select legal counsel to represent the class, and participation as a lead plaintiff does not affect the ability to share in any recovery [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for recovering billions for victims of corporate misconduct [6]. - The firm encourages affected investors to reach out for more information regarding their potential claims [5].

Core Viewpoint - New Fortress Energy Inc. is facing allegations of misleading investors regarding its revenue outlook and growth projections, particularly related to its Fast Liquefied Natural Gas (LNG) projects, which have not met previously stated timelines and have incurred significant financial losses [2]. Group 1: Allegations and Financial Impact - The complaint alleges that New Fortress Energy misrepresented its ability to deliver on its Fast LNG projects, specifically failing to have the FLNG 1 project operational by March 2024 as promised [2]. - The delays in the Fast LNG projects have reportedly cost the company upwards of $150 million per quarter, yet the company continued to project confidence in its growth and operational speed [2]. - Investors were misled by materially flawed statements regarding the company's growth projections, which did not account for the risks associated with the delays [2]. Group 2: Class Action Details - The class period for the allegations spans from December 12, 2022, to August 8, 2024, with a deadline for shareholders to register for the class action set for November 18, 2024 [3]. - Shareholders who purchased shares during the specified timeframe are encouraged to register for potential lead plaintiff appointment, although this is not required to participate in any recovery [1][3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased New Fortress Energy Inc. securities between February 29, 2024, and August 8, 2024, of the upcoming lead plaintiff deadline on November 18, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased New Fortress securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by November 18, 2024 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Background - The lawsuit alleges that during the Class Period, New Fortress misled investors regarding its revenue outlook and growth potential, particularly concerning its Fast Liquefied Natural Gas (LNG) projects [5]. - New Fortress' FLNG 1 project was expected to be operational by March 2024, but delays resulted in costs exceeding $150 million per quarter, which were not disclosed to investors [5]. - The lawsuit claims that the misleading statements led to investor damages when the true situation was revealed [5].

Core Viewpoint - Securities class action lawsuits have been filed against New Fortress Energy Inc. for alleged misleading statements and failure to disclose critical information regarding its revenue outlook and project progress during the specified class period [1][3]. Group 1: Allegations Against New Fortress - Defendants allegedly created a false impression of having reliable information about New Fortress' projected revenue and growth while downplaying risks associated with its Fast LNG projects [3]. - The complaints specifically state that New Fortress' Fast LNG 1 project did not meet the publicly stated timeline, which indicated it would be operational by March 2024 [3]. Group 2: Legal Process for Investors - Investors in New Fortress have until November 18, 2024, to seek appointment as lead plaintiff representatives in the class action lawsuit [4]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the class [4]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [6].

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. (NASDAQ: NFE). Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=111432&from=3 CLASS PERIOD ...