Clean Energy Fuels
The 10-second takeaway
For the quarter ended March 31 (Q1), Clean Energy Fuels whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP loss per share shrank.
Margins expanded across the board.
Clean Energy Fuels notched revenue of $93.0 million. The six analysts polled by S&P Capital IQ predicted a top line of $104.2 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $73.6 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 $0.03. The nine earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. Non-GAAP EPS were $0.03 for Q1 compared to -$0.16 per share for the prior-year quarter. GAAP EPS were -$0.04 for Q1 against -$0.37 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 45.5%, much better than the prior-year quarter. Operating margin was -0.8%, much better than the prior-year quarter. Net margin was -4.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $90.6 million. On the bottom line, the average EPS estimate is -$0.19.
Next year's average estimate for revenue is $404.0 million. The average EPS estimate is -$0.54.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,766 members out of 1,816 rating the stock outperform, and 50 members rating it underperform. Among 294 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 287 give Clean Energy Fuels a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clean Energy Fuels is outperform, with an average price target of $15.55.
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