Excelerate Energy (EE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Excelerate Energy (EE) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ending September 2024, with the consensus outlook indicating a significant impact on its near-term stock price based on actual results compared to estimates [1][2]. Financial Performance Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.32 per share, reflecting a year-over-year decrease of 20%, while revenues are projected to be $208.33 million, down 24.4% from the same quarter last year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +20.93% for Excelerate Energy, suggesting that analysts have recently become more optimistic about the company's earnings prospects [10]. - The stock currently holds a Zacks Rank of 2, indicating a strong likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Excelerate Energy was expected to post earnings of $0.32 per share but actually reported $0.26, resulting in a surprise of -18.75% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Industry Context - ProFrac Holding Corp. (ACDC), another player in the alternative energy sector, is expected to report a loss of $0.14 per share for the same quarter, indicating a year-over-year change of -55.6%, with revenues expected to decline by 6.2% [17]. - ProFrac's consensus EPS estimate has been revised significantly lower, and it holds a Zacks Rank of 5, making it difficult to predict a beat on the consensus EPS estimate [18].