Clean Energy Fuels
The 10-second takeaway
For the quarter ended June 30 (Q2), Clean Energy Fuels whiffed on revenue and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP loss per share increased.
Margins dropped across the board.
Clean Energy Fuels logged revenue of $69.8 million. The nine analysts polled by S&P Capital IQ foresaw revenue of $80.1 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $55.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.16. The eight earnings estimates compiled by S&P Capital IQ anticipated -$0.18 per share. GAAP EPS were -$0.13 for Q2 against -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.5%, 300 basis points worse than the prior-year quarter. Operating margin was -22.2%, 320 basis points worse than the prior-year quarter. Net margin was -16.2%, 610 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $91.3 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $350.9 million. The average EPS estimate is -$0.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,582 members out of 1,637 rating the stock outperform, and 55 members rating it underperform. Among 269 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 251 give Clean Energy Fuels a green thumbs-up, and 18 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clean Energy Fuels is hold, with an average price target of $18.25.
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