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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