Bloom Energy Corp reports results for the quarter ended December 31 - Earnings Summary

• Bloom Energy Corp BE.N reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 15 cents to 42 cents per share.

• Revenue rose 60.4% to $572.39 million from a year ago; analysts expected $513.48 million.

• Bloom Energy Corp's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $104.8 million.

• Bloom Energy Corp shares had risen by 5.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the heavy electrical equipment peer group is also "hold"

Wall Street's median 12-month price target for Bloom Energy Corp is $25.00

This summary was machine generated from LSEG data February 28 at 04:20 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)