Clean Energy Fuels
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Clean Energy Fuels crushed expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share grew.
Margins dropped across the board.
Clean Energy Fuels chalked up revenue of $91.5 million. The eight analysts polled by S&P Capital IQ hoped for a top line of $74.5 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $72.1 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 -$0.19. The nine earnings estimates compiled by S&P Capital IQ anticipated -$0.19 per share. GAAP EPS were -$0.19 for Q3 compared to -$0.16 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 22.1%, 470 basis points worse than the prior-year quarter. Operating margin was -21.2%, 960 basis points worse than the prior-year quarter. Net margin was -17.8%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $87.3 million. On the bottom line, the average EPS estimate is -$0.18.
Next year's average estimate for revenue is $304.7 million. The average EPS estimate is -$0.76.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,625 members out of 1,674 rating the stock outperform, and 49 members rating it underperform. Among 265 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 255 give Clean Energy Fuels a green thumbs-up, and 10 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 $16.97.
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