Opinion

What’s The Outlook For The Clean Energy Fuels Corp. (CLNE)?

Clean Energy Fuels Corp. (NASDAQ:CLNE) is expected to announce second quarter financial results after market close (confirmed) on August 10, 2017. The company added about 7.6% percent in value since last earnings when it was at $2.36. Based on the most relevant historical data, there is a 60 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 18 times out of last 30 quarters. It has topped earnings-per-share estimates 83% of the time in its last 12 earnings reports. It missed earnings on 1 occasions, and it has met expectations 1 time.

Clean Energy Fuels Corp. (NASDAQ:CLNE) Earnings Reaction History

Overall, the average earnings surprise was 145.38 percent over the past four quarters. Back on May 31, it posted earnings per share at $0.4 which topped the consensus $-0.13 projection (Positive surprise of 407.70%). Revenue came in at $89.49M versus consensus estimate of $94.27M. The stock gained 5.08% percent the day following the earnings was released, and on 7th day price change was 9.75% percent.

On March 07, 2017, it posted earnings per share at $-0.03 versus the consensus estimate of $-0.09 (Positive surprise of 66.70%). Revenue of $101.83M was below the $96.47M analysts had expected. The stock dropped 0.78% the day following the earnings was released, and on 7th day price change was -5.06%.

On November 03, 2016, it posted earnings per share at $-0.1, missed the consensus estimate of $-0.1 (Negative surprise of 0.00%). Revenue for the quarter was $97.02M while analysts had expected revenues to come in at $100.83M. The stock fell -17.59% the day following the earnings was released, and on 7th day price change was 31.62%.

On August 09, 2016, it posted earnings per share at $0.01 compared with the consensus estimate of $-0.14 (Positive surprise of 107.10%). That came on revenues of $108.03M for the quarter. Analysts had expected $94.33M in revenue.

Clean Energy Fuels Corp. (NASDAQ:CLNE) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.14. The analysts’ current consensus range is $-0.14-$-0.13 for EPS. The market consensus range for revenue is $85.7M-$87.8M, with an average of $86.97M.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last closed at $2.56, sending the company’s market cap around $391.35M. The consensus 12-month price target from brokerage firms covering the stock is $8.50 . The share price has declined -46.67% from its best level in 52 weeks and advanced -10.49% this year. It recently traded in a range of $2.5381-$2.69 at a volume of 1,362,757 shares. The stock ended last trading session with the price nearly -0.39% lower for the last 5 trading days, rebounding 17.43% from its 52-week low.

 

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