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Bloom Energy (BE) to Report Q4 Earnings: What's in Store? (Revised)

Zacks Equity Research
·2-min read

Bloom Energy Corporation BE delivered a positive earnings surprise of 200% in the last reported quarter.

Let’s see how things have shaped up for this alternate energy company prior to the fourth- quarter 2019 earnings announcement.

What the Quantitative Model States

Our proven model does not conclusively predict an earnings beat for Bloom Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation Price and EPS Surprise
Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation price-eps-surprise | Bloom Energy Corporation Quote

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Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Bloom Energy currently has a Zacks Rank of 3.

Factors to Note

Bloom Energy expects fourth-quarter Acceptances (1 acceptance would be 100 kilowatts) in the range of 355-385 and average sales price (per kilowatt) within $5,920-$6,220.

Since the company’s server produces electricity on site, it avoids distribution and transmission costs and enables customers to lower expenses. As a consequence, Acceptances for the to-be-reported quarter indicates a significant increase from 257 recorded in the comparable year-ago quarter.

Bloom Energy’s collaboration with Samsung Heavy Industries has opened a new market with huge opportunities for the company.

The Zacks Consensus Estimate for the quarter’s revenues and earnings is pegged at $268.3 million and 1 cent per share, respectively.

Other Stocks With Favorable Combination

Here are a few other stocks from the same sector that too have the right combination of elements to post an earnings beat in the upcoming releases:

Covanta Holdings Corporation CVA is likely to release fourth-quarter results on Feb 13. It has an Earnings ESP of +42.86% and a Zacks Rank #1.

TC Energy Corporation TRP is set to release fourth-quarter results on Feb 13. It has an Earnings ESP of +0.65% and a Zacks Rank #2.

Berry Petroleum Corporation BRY is likely to release fourth-quarter results on Mar 4. It has an Earnings ESP of +2.5% and a Zacks Rank #1.

(We are reissuing this article to correct a mistake. The original article, issued on January 31, 2020, should no longer be relied upon.)


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TC Energy Corporation (TRP) : Free Stock Analysis Report
 
Berry Petroleum Corporation (BRY) : Free Stock Analysis Report
 
Covanta Holding Corporation (CVA) : Free Stock Analysis Report
 
Bloom Energy Corporation (BE) : Free Stock Analysis Report
 
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Zacks Investment Research