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

Clean Energy Fuels

10/05/2024 24:08

* Clean Energy Fuels Corp  CLNE.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -7 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -14 cents to 1
cents per share.
    * Revenue fell 21.5% to $103.71 million from a year ago;
analysts
expected $99.57 million. 
    * Clean Energy Fuels Corp's reported EPS for the quarter was
a
loss of 8 cents​.
    * The company reported a quarterly loss of $18.44 million.
    * Clean Energy Fuels Corp shares had fallen by 11.6% this
quarter and lost 38.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 10 "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 May 9 at 11:08
p.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
 Mar. 31 2024      -0.04          -0.01          Beat
 Dec. 31 2023      0.00           0.01           Beat
 Sep. 30 2023      -0.02          0.00           Beat
 Jun. 30 2023      -0.02          0.00           Beat