New Fortress Energy Inc reports results for the quarter ended December 31 - Earnings Summary

• New Fortress Energy Inc NFE.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of seven analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from -2 cents to 9 cents per share.

• Revenue fell 10.5% to $679.00 million from a year ago; analysts expected $602.31 million.

• New Fortress Energy Inc's reported EPS for the quarter was a loss of $1.11​.

• The company reported a quarterly loss of $242.14 million.

• New Fortress Energy Inc shares had fallen by 33.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 65.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the natural gas utilities peer group is also "buy"

Wall Street's median 12-month price target for New Fortress Energy Inc is $15.00

This summary was machine generated from LSEG data March 4 at 02:04 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)