Clean Energy Fuels Corp (CLNE) Expected to Post Earnings of -$0.11 Per Share
Equities research analysts predict that Clean Energy Fuels Corp (NASDAQ:CLNE) will report ($0.11) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Clean Energy Fuels’ earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.09). Clean Energy Fuels posted earnings per share of ($0.02) during the same quarter last year, which indicates a negative year over year growth rate of 450%. The business is expected to issue its next earnings results on Tuesday, March 6th.
On average, analysts expect that Clean Energy Fuels will report full year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.45) to ($0.43). For the next financial year, analysts anticipate that the company will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.30) to ($0.27). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Clean Energy Fuels.
Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). The company had revenue of $81.80 million during the quarter, compared to the consensus estimate of $85.43 million. Clean Energy Fuels had a negative return on equity of 10.52% and a negative net margin of 15.47%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS.
Several large investors have recently bought and sold shares of CLNE. BlueCrest Capital Management Ltd raised its holdings in Clean Energy Fuels by 279.1% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 45,868 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 33,768 shares during the period. Voya Investment Management LLC raised its holdings in Clean Energy Fuels by 44.0% during the 2nd quarter. Voya Investment Management LLC now owns 54,979 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 16,808 shares during the period. OxFORD Asset Management LLP raised its holdings in Clean Energy Fuels by 123.6% during the 2nd quarter. OxFORD Asset Management LLP now owns 58,068 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 32,096 shares during the period. Bank of America Corp DE raised its holdings in Clean Energy Fuels by 12.4% during the 1st quarter. Bank of America Corp DE now owns 57,958 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 6,407 shares during the period. Finally, KBC Group NV raised its holdings in Clean Energy Fuels by 24.4% during the 2nd quarter. KBC Group NV now owns 61,525 shares of the utilities provider’s stock valued at $156,000 after acquiring an additional 12,087 shares during the period. 35.47% of the stock is currently owned by institutional investors.
Clean Energy Fuels (NASDAQ:CLNE) traded up $0.01 during trading hours on Friday, hitting $2.08. 865,726 shares of the company were exchanged, compared to its average volume of 1,250,012. The company has a current ratio of 3.52, a quick ratio of 3.05 and a debt-to-equity ratio of 0.48. Clean Energy Fuels has a 52 week low of $1.96 and a 52 week high of $3.34.
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Clean Energy Fuels Company Profile
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
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