Compared to Estimates, Clean Energy Fuels (CLNE) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Clean Energy Fuels (CLNE) reported revenue of $95.57 million, down 24% over the same period last year. EPS came in at $0.00, compared to $0.06 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $109.91 million, representing a surprise of -13.05%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being -$0.01.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Clean Energy Fuels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Fuel Volume - RNG: 54.1 Mgal compared to the 61.93 Mgal average estimate based on two analysts.
Revenue- Service revenue: $12.33 million versus $13.96 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Revenue- Product revenue: $113.36 million versus the three-analyst average estimate of $97.54 million. The reported number represents a year-over-year change of 0%.
View all Key Company Metrics for Clean Energy Fuels here>>>
Shares of Clean Energy Fuels have returned -7.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Clean Energy Fuels Corp. (CLNE) : Free Stock Analysis Report
