Clean Energy Fuels Corp (CLNE) Expected to Post Quarterly Sales of $85.35 Million
Analysts expect Clean Energy Fuels Corp (NASDAQ:CLNE) to post $85.35 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Clean Energy Fuels’ earnings. The highest sales estimate is $88.10 million and the lowest is $82.60 million. Clean Energy Fuels posted sales of $101.83 million during the same quarter last year, which suggests a negative year over year growth rate of 16.2%. The company is scheduled to report its next earnings results after the market closes on Tuesday, March 13th.
On average, analysts expect that Clean Energy Fuels will report full year sales of $85.35 million for the current financial year, with estimates ranging from $334.90 million to $344.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $351.10 million per share, with estimates ranging from $345.20 million to $357.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Clean Energy Fuels.
A number of brokerages have recently weighed in on CLNE. BidaskClub lowered Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th.
Shares of Clean Energy Fuels (CLNE) traded up $0.02 during mid-day trading on Thursday, hitting $1.37. The stock had a trading volume of 1,016,185 shares, compared to its average volume of 1,000,594. The company has a quick ratio of 3.05, a current ratio of 3.52 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $206.99, a price-to-earnings ratio of -3.70 and a beta of 1.60. Clean Energy Fuels has a fifty-two week low of $1.31 and a fifty-two week high 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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