Bloom Energy (BE) Flat As Market Sinks: What You Should Know
Bloom EnergyBloom Energy(US:BE) ZACKS·2024-07-25 23:21

Company Overview - Bloom Energy is projected to report earnings of $0.14 per share and revenue of $1.47 billion for the annual period, reflecting increases of +240% and +10.07% year-over-year, respectively [1] - The company closed the latest trading day at $14.48, showing no change from the previous session, while the S&P 500 experienced a loss of 0.51% [5] Stock Performance - Over the past month, Bloom Energy's shares have increased by 14.74%, outperforming the Oils-Energy sector, which saw a decline of 11.51%, and the S&P 500's loss of 0.26% [2] - The Zacks Consensus EPS estimate for the upcoming earnings report is -$0.06, indicating a growth of 64.71% compared to the same quarter last year, with expected revenue of $315.64 million, a 4.83% increase year-over-year [6] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Bloom Energy suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank for Bloom Energy is currently 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 1.11% over the past month [4] - Bloom Energy has a Forward P/E ratio of 101.61, significantly higher than the industry average of 22.79 [8] - The company has a PEG ratio of 4.06, compared to the industry average PEG ratio of 1.57 [11] Industry Context - Bloom Energy operates within the Alternative Energy - Other industry, which is part of the Oils-Energy sector, currently ranked 186 out of over 250 industries, placing it in the bottom 27% [9] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12]

Bloom Energy (BE) Flat As Market Sinks: What You Should Know - Reportify