BE Earnings Prediction
The chart below shows how BE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BE sees a +0.95% change in stock price 10 days leading up to the earnings, and a +1.60% change 10 days following the report. On the earnings day itself, the stock moves by -0.37%. This data can give you a slight idea of what to expect for the next quarter's release.
BE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
330.40M
-17.46%
-1.60%
Gross Margin
23.83%
1933.08%
16.76%
Operating Margin
-2.92%
-88.73%
-57.62%
Net Margin
-4.43%
-89.45%
-75.69%
EPS
-0.06
-92.50%
-77.78%
No Data Available
BE Earnings Analysis
Bloom Energy Corporation Corporation (BE.N) Earnings Conference Call
Positive
Quarterly Revenue Decline: Revenue for the quarter was $330.4 million, a decrease of 17.5% over the third quarter of 2023, which was positively impacted by a larger repowering.
Revenue Performance Analysis: Q3 revenue was also down slightly from Q2, largely due to a decline in install revenue, while product revenue increased by $7.5 million, and service revenue was flat.
Total Cash Balance: We ended the quarter with $549 million total cash on the balance sheet.
Revenue and Margin Projections: We expect revenue between $1.4 to $1.6 billion, non-GAAP gross margin of approximately 28%, and non-GAAP operating income of $75 to $100 million.
Year Guidance Confidence: We are extremely confident that Bloom Energy will meet our total year guidance.
Negative
Quarterly Revenue Decline: Revenue for the quarter was $330.4 million, a decrease of 17.5% over the third quarter of 2023, which was positively impacted by a larger repowering.
Revenue Performance Analysis: Q3 revenue was also down slightly from Q2, largely due to a decline in install revenue, while product revenue increased by $7.5 million, and service revenue was flat.
Gross Margin Decline: Non-GAAP gross margin of 25.2% was down from 31.6% in the third quarter of 2023, indicating a decrease in profitability.
Operating Profit Decline: Non-GAAP operating profit for the third quarter was $8.1 million, a decrease of $43.7 million from the third quarter of 2023, and a loss from Q2's $3.2 million.
Operating Cash Flow Outflow: Cash flow from operating activities was an outflow of $69 million in the third quarter, primarily due to increases in receivables and an increase in inventory made to meet anticipated demand in Q4.
BE FAQs
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BE Earning Call Sentiment
Bloom Energy Corporation (BE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BE.N
5.09%Positive
The earnings call reflects several challenges: a 17.5% revenue decrease, reduced margins, and a $69 million cash outflow. Despite management's optimism about 2025 and potential partnerships, the lack of immediate positive catalysts, such as a share repurchase program, and the absence of specific guidance contribute to a negative outlook. The market cap of $2.96 billion suggests moderate volatility, with the stock likely to decline between -2% to -8% over the next two weeks.