Bloom Energy (BE) Set to Announce Quarterly Earnings on Thursday

Bloom Energy (NYSE:BE - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Bloom Energy has set its FY 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Bloom Energy (NYSE:BE - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.06). Bloom Energy had a negative return on equity of 11.90% and a negative net margin of 21.37%. The business had revenue of $335.80 million for the quarter, compared to analyst estimates of $307.73 million. During the same quarter in the previous year, the company posted ($0.32) earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts expect Bloom Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bloom Energy Stock Performance

NYSE:BE traded down $0.50 during midday trading on Thursday, reaching $9.60. The stock had a trading volume of 4,524,229 shares, compared to its average volume of 5,807,597. The stock has a market cap of $2.19 billion, a P/E ratio of -7.41 and a beta of 2.69. The company has a quick ratio of 3.33, a current ratio of 4.65 and a debt-to-equity ratio of 3.43. Bloom Energy has a 12-month low of $8.41 and a 12-month high of $18.14. The firm has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $12.06.

Analysts Set New Price Targets

BE has been the topic of a number of analyst reports. Piper Sandler reaffirmed a "neutral" rating and set a $10.00 price objective (down previously from $11.00) on shares of Bloom Energy in a research note on Tuesday. Bank of America upped their price objective on shares of Bloom Energy from $8.00 to $9.00 and gave the company an "underperform" rating in a research note on Wednesday, July 17th. UBS Group cut their price target on Bloom Energy from $25.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Truist Financial decreased their price objective on Bloom Energy from $13.00 to $12.00 and set a "hold" rating on the stock in a report on Wednesday, October 16th. Finally, Susquehanna decreased their price target on Bloom Energy from $16.00 to $13.00 and set a "positive" rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.39.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.