Clean Energy Fuels Corp reports results for the quarter ended in June - Earnings Summary

Clean Energy Fuels

08/08/2024 02:37

* Clean Energy Fuels Corp  CLNE.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported breakeven earnings per share.  The mean expectation of
ten analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -11 cents
tozero cents per share.
    * Revenue rose 8.2% to $97.95 million from a year ago;
analysts
expected $106.64 million. 
    * Clean Energy Fuels Corp's reported EPS for the quarter was
a
loss of 7 cents​.
    * The company reported a quarterly loss of $16.29 million.
    * Clean Energy Fuels Corp shares had fallen by 7.3% this
quarter and lost 35.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
refining
and marketing peer group is also "buy"

Wall Street's median 12-month price target for Clean Energy
Fuels Corp is $5.00 
This summary was machine generated from LSEG data August 8 at
01:37 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.03          0.01           Beat
 Mar. 31 2024      -0.04          -0.01          Beat
 Dec. 31 2023      0.00           0.01           Beat
 Sep. 30 2023      -0.02          0.00           Beat