Bloom Energy(US:BE) ZACKS·2024-11-08 00:00Core Viewpoint - Bloom Energy reported a quarterly loss of $0.01 per share, missing the Zacks Consensus Estimate of $0.09, and down from earnings of $0.15 per share a year ago, indicating a significant earnings surprise of -111.11% [1][2] Financial Performance - The company posted revenues of $330.4 million for the quarter ended September 2024, which was 14.38% below the Zacks Consensus Estimate and a decrease from $400.27 million in the same quarter last year [2] - Over the last four quarters, Bloom Energy has not surpassed consensus EPS estimates and has only topped revenue estimates once [2] Stock Performance - Bloom Energy shares have declined approximately 25.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for Bloom Energy is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $499.6 million, and for the current fiscal year, it is $0.13 on revenues of $1.47 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock movements [6] Industry Context - The Alternative Energy - Other industry, to which Bloom Energy belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]