The 10-second takeaway
For the quarter ended Oct. 31 (Q4), FuelCell Energy beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP loss per share expanded.
Gross margins increased, operating margins shrank, net margins contracted.
FuelCell Energy booked revenue of $35.4 million. The five analysts polled by S&P Capital IQ expected a top line of $30.7 million on the same basis. GAAP reported sales were 2.0% higher than the prior-year quarter's $34.7 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 -$0.05. The five earnings estimates compiled by S&P Capital IQ averaged -$0.05 per share. GAAP EPS were -$0.07 for Q4 compared to -$0.06 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 2.5%, 120 basis points better than the prior-year quarter. Operating margin was -23.8%, 110 basis points worse than the prior-year quarter. Net margin was -32.0%, 1,170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $34.1 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $153.0 million. The average EPS estimate is -$0.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 577 members out of 700 rating the stock outperform, and 123 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give FuelCell Energy a green thumbs-up, and 53 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FuelCell Energy is outperform, with an average price target of $2.18.
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