Clean Energy Fuels Corp (CLNE) Expected to Post Earnings of -$0.11 Per Share
Brokerages forecast that Clean Energy Fuels Corp (NASDAQ:CLNE) will post ($0.11) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Clean Energy Fuels’ earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.09). Clean Energy Fuels reported earnings of ($0.02) per share during the same quarter last year, which would suggest a negative year over year growth rate of 450%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, March 13th.
On average, analysts expect that Clean Energy Fuels will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to ($0.43). For the next year, analysts expect that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.30) to ($0.23). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Clean Energy Fuels.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine cut Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, BidaskClub cut Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th.
Clean Energy Fuels (NASDAQ CLNE) traded down $0.05 during trading on Friday, hitting $1.46. The company’s stock had a trading volume of 971,475 shares, compared to its average volume of 1,420,000. The company has a market cap of $220.58, a PE ratio of -3.95 and a beta of 1.58. Clean Energy Fuels has a 52-week low of $1.39 and a 52-week high of $3.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.52 and a quick ratio of 3.05.
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About Clean Energy Fuels
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
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