Electricity generation and hydrogen production company Bloom Energy (NYSE: BE) will be reporting earnings this Thursday after market close. Here’s what to look for.
Bloom Energy beat analysts’ revenue expectations last quarter, reporting revenues of $1.07 billion, up 166% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Bloom Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bloom Energy’s revenue to grow 107% year on year, improving from the 57.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bloom Energy rarely misses Wall Street’s revenue estimates.
Looking at Bloom Energy’s peers in the electrical equipment segment, only Acuity Brands has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 2.9%. The stock price was unchanged following the results.
Read our full analysis of Acuity Brands’s earnings results here.Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the electrical equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.1% on average over the last month. Bloom Energy is down 14.3% during the same time and is heading into earnings with an average analyst price target of $285.43 (compared to the current share price of $233.75).
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