Bloom Energy(US:BE) ZACKSยท2024-10-22 23:21Company Performance - Bloom Energy's stock closed at $9.73, down 1.42% from the previous trading day, underperforming the S&P 500's loss of 0.05% [1] - The stock has decreased by 9.12% over the past month, contributing to a 9.67% loss in the Oils-Energy sector, while the S&P 500 gained 2.76% [1] - The upcoming earnings report is expected to show an EPS of $0.09, a 40% decline year-over-year, with projected revenue of $385.88 million, down 3.59% from the same quarter last year [1] Earnings Estimates - Full-year Zacks Consensus Estimates predict earnings of $0.13 per share and revenue of $1.47 billion, indicating year-over-year increases of 230% and 9.93%, respectively [2] - Changes in analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [2] Valuation Metrics - Bloom Energy currently has a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate having decreased by 5.29% over the past month [3] - The company is trading at a Forward P/E ratio of 74.77, significantly higher than the industry average of 23.71 [3] - The PEG ratio for Bloom Energy is 2.99, compared to the Alternative Energy - Other industry's average PEG ratio of 2.62 [3] Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 203, placing it in the bottom 20% of over 250 industries [3] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]