Clean Energy Fuels (NAS: CLNE) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Clean Energy Fuels beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share increased. GAAP loss per share increased.
Margins dropped across the board.
Clean Energy Fuels booked revenue of $99.1 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $91.0 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $86.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.23. The 10 earnings estimates compiled by S&P Capital IQ anticipated -$0.18 per share. Non-GAAP EPS were -$0.23 for Q4 compared to -$0.21 per share for the prior-year quarter. GAAP EPS were -$0.46 for Q4 against -$0.30 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.2%, 160 basis points worse than the prior-year quarter. Operating margin was -21.7%, 390 basis points worse than the prior-year quarter. Net margin was -42.1%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $96.9 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $411.2 million. The average EPS estimate is -$0.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,702 members out of 1,747 rating the stock outperform, and 45 members rating it underperform. Among 295 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 287 give Clean Energy Fuels a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clean Energy Fuels is outperform, with an average price target of $16.00.
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The article Clean Energy Fuels Beats on the Top Line originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Clean Energy Fuels. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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