New Fortress Energy (NFE) Q4 Earnings and Revenues Beat Estimates

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]