Clean Energy Fuels
The 10-second takeaway
For the quarter ended March 31 (Q1), Clean Energy Fuels missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP loss per share grew.
Margins shrank across the board.
Clean Energy Fuels booked revenue of $73.6 million. The seven analysts polled by S&P Capital IQ wanted to see a top line of $81.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $65.3 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 averaged -$0.18 per share. GAAP EPS were -$0.37 for Q1 compared to -$0.14 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 24.1%, 400 basis points worse than the prior-year quarter. Operating margin was -20.7%, 510 basis points worse than the prior-year quarter. Net margin was -43.3%, 2,840 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $85.9 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $371.7 million. The average EPS estimate is -$0.63.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,489 members out of 1,537 rating the stock outperform, and 48 members rating it underperform. Among 272 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 260 give Clean Energy Fuels a green thumbs-up, and 12 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 $21.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Clean Energy Fuels. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.