Yahoo Finance Unveiling Clean Energy Fuels (CLNE) Q1 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from Clean Energy Fuels (CLNE) is expected to reveal quarterly loss of $0.03 per share, indicating an increase of 57.1% compared to the year-ago period. Analysts forecast revenues of $106.63 million, representing a decrease of 19.3% year over year.
The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Clean Energy Fuels metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Service' of $13.77 million. The estimate indicates a year-over-year change of +25.3%.
Analysts' assessment points toward 'Revenue- Product' reaching $92.99 million. The estimate suggests a change of +28.3% year over year.
It is projected by analysts that the 'Total Fuel Volume' will reach 74.47 Mgal. Compared to the present estimate, the company reported 58.3 Mgal in the same quarter last year.
View all Key Company Metrics for Clean Energy Fuels here>>>
Over the past month, Clean Energy Fuels shares have recorded returns of -4.4% versus the Zacks S&P 500 composite's -0.4% change. Based on its Zacks Rank #3 (Hold), CLNE will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Clean Energy Fuels Corp. (CLNE) : Free Stock Analysis Report
