Clean Energy Fuels
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Clean Energy Fuels beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share increased. GAAP loss per share increased.
Margins dropped across the board.
Clean Energy Fuels booked revenue of $99.1 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $91.0 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $86.2 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 -$0.23. The 10 earnings estimates compiled by S&P Capital IQ anticipated -$0.18 per share. Non-GAAP EPS were -$0.23 for Q4 compared to -$0.21 per share for the prior-year quarter. GAAP EPS were -$0.46 for Q4 against -$0.30 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 21.2%, 160 basis points worse than the prior-year quarter. Operating margin was -21.7%, 390 basis points worse than the prior-year quarter. Net margin was -42.1%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $96.9 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $411.2 million. The average EPS estimate is -$0.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,702 members out of 1,747 rating the stock outperform, and 45 members rating it underperform. Among 295 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 287 give Clean Energy Fuels a green thumbs-up, and eight 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 $16.00.
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