Dj Cfo Helm Acquires 7619 Of Berry Corp >Bry

Bloom Energy Corporation BE is expected to report an improvement in its top and bottom lines when it reports fourth-quarter 2024 results on Feb. 27, after market close.

Find the latest earnings estimates and surprises on Zacks Earnings Calendar.

The Zacks Consensus Estimate for BE’s fourth-quarter revenues is pegged at $551.6 million, indicating a increase of 43.35% from the year-ago reported figure.

The Zacks Consensus Estimate for BE’s fourth-quarter earnings is pegged at 32 cents per share, indicating growth of 357.1% from the year-ago reported figure.

What the Zacks Model Unveils

Our model does not conclusively predict an earnings beat for Bloom Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you can see below.

Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation price-eps-surprise | Bloom Energy Corporation Quote

You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Earnings ESP: Bloom Energy has an Earnings ESP of -11.95%.

Zacks Rank: Bloom Energy currently carries a Zacks Rank #3.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Some other stocks in the same sector that also have the combination of factors indicating an earnings beat this season are Sunnova Energy International Inc. NOVA, Granite Ridge Resources, Inc. GRNT and Berry Corporation BRY. NOVA, GRNT and BRY have an Earnings ESP of +3.06%, +11.11% and +8.33%, respectively, and carry a Zacks Rank #2 each.

Factors Likely to Have Shaped BE’s Q4 Earnings

Bloom Energy’s fourth-quarter earnings are expected to have gained from its expanding domestic and international commercial capability. The company’s fuel cell deployments have very high power density, 100 megawatts (“MW”) per acre and allow it to meet the rapid electricity demand growth coming from the data centers.

South Korea is a very important market for Bloom Energy and its partner, SK ecoplant Co., Ltd. Is expected to purchase 500 MW of Bloom solid oxide fuel cells between Jan. 1, 2024, and Dec. 31, 2027, which is likely to have benefited fourth-quarter earnings of the company.

During the fourth quarter, the company announced its partnership with FPM Development for 20 MW of Bloom’s SOFCs across two strategic locations in Los Angeles. The partnership demonstrates Bloom’s capability to rapidly add affordable and resilient generational capacity to American utilities. Bloom and FPM are working together to deliver hardware by the end of 2024. This project is likely to have boosted fourth-quarter earnings.

In the fourth quarter, Bloom Energy also signed a large project in South Korea, the 80 MW project begin commercial operations in 2025.

BE’s Price Performance

BE’s shares have gained 135.7% in the past year compared with its industry’s rally of 55.1%.

Investment Thesis

Bloom Energy is a trusted partner in delivering low-carbon energy and is a leader in solid oxide fuel cell technology, having demonstrated 60% electrical efficiency using hydrogen and 90% combined heat and power efficiency. The company is experiencing high levels of commercial interest in its products and solutions.

Electricity demand is expected to increase as energy-intensive industries like data centers and advanced manufacturing continue to place increased electricity demand on the grid. Bloom Energy’s carbon-free hydrogen fuel cell for electricity production enables 24/7 clean power in conjunction with other renewable electricity sources, which is a vital tool to reduce both carbon emissions and strain on the congested grid.

Bloom Energy’s products are gradually getting the recognition they deserve, as 48% of its revenues are now generated from the international market.

Wrapping Up

Bloom Energy is set to benefit from rising demand for clean energy from domestic and international markets. The company is a global leader in stationary fuel cell and power generation, with 1.3 GW deployed worldwide.

It will be wise to hold your position in this Zacks Rank #3 stock. Investors can wait and look for a better entry point post the fourth-quarter earnings.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Veren Inc. VRN is set to report fourth-quarter 2024 earnings on Feb. 27, before the opening bell.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

Let us delve into the factors that might have affected this energy major’s quarterly performance. However, before that, it would be worth reviewing VRN’s performance in the previous quarter.

Highlights of VRN’s Q3 Earnings

In the last reported quarter, the company’s adjusted earnings of 21 cents per share missed the Zacks Consensus Estimate of 25 cents and declined from the year-ago reported figure of 31 cents.

The decline in adjusted earnings was primarily due to lower commodity prices, increased transportation and operating expenses, and the impact of asset dispositions on production.

VRN’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and met the same twice, delivering an average negative surprise of 11.24%. This is depicted in the graph below.

Veren Inc. Price and EPS Surprise

Veren Inc. price-eps-surprise | Veren Inc. Quote

Estimate Trend of VRN

The Zacks Consensus Estimate for VRN’s fourth-quarter earnings per share of 24 cents has not witnessed any movement in the past 30 days. The estimated figure implies an 11% decline from the year-ago quarter’s reported number.

The Zacks Consensus Estimate for the company’s fourth-quarter revenues of $694 million indicates a 6.7% decline from the year-ago reported figure.

Factors to Consider Ahead of VRN’s Q4 Results

According to data from the U.S. Energy Information Administration, the average monthly price of West Texas Intermediate crude was $71.99 per barrel in October 2024, $69.95 in November and $70.12 in December. While these prices were solid and stable, they remained lower than the same quarter of the previous year. Weaker oil prices might have reduced its fourth-quarter earnings from upstream operations.

In the third quarter, the underperformance of wells was due to the use of the plug-and-perforation completion design in the Gold Creek area of the Alberta Montney. The company has decided to revert to the more effective single-point entry design. The weaker production from these wells in the third quarter might have weighed on near-term output and revenues, potentially leading to lower-than-expected earnings in the fourth quarter.

Lower commodity prices are likely to have weighed on Veren’s bottom line in the quarter under review.

Earnings Whispers for VRN

Our proven model does not indicate an earnings beat for Veren this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.

VRN’s Earnings ESP: Veren currently has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are both pegged at earnings of 24 cents. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

VRN’s Zacks Rank: The company currently carries a Zacks Rank #4 (Sell).

Stocks to Consider

Here are three firms that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

W&T Offshore, Inc. WTI currently has an Earnings ESP of +22.22% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

W&T Offshore is scheduled to release fourth-quarter earnings on March 3. The Zacks Consensus Estimate for WTI’s loss is pegged at 18 cents per share, indicating a 200% decline from the prior-year reported figure.

BKV Corporation BKV presently has an Earnings ESP of +89.47% and a Zacks Rank #3.

BKV Corporationis scheduled to release fourth-quarter earnings on Feb. 26. The Zacks Consensus Estimate for BKV’s loss is pegged at 10 cents per share.

Berry Corporation BRY currently has an Earnings ESP of +8.33% and a Zacks Rank #2.

Berry Corporation is scheduled to release fourth-quarter earnings on March 12. The Zacks Consensus Estimate for BRY’s earnings is pegged at 12 cents per share, indicating a 7.7% decrease from the prior-year reported figure.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

TechnipFMC plc FTI is set to release fourth-quarter results on Feb. 27. The Zacks Consensus Estimate for earnings is pegged at 36 cents per share on revenues of $2.3 billion.

Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.

Let us delve into the factors that might have influenced FTI’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.

Highlights of FTI’s Q4 Earnings & Surprise History

In the last reported quarter, the Houston, TX-based oil and gas equipment and services company beat the consensus mark on improving the Subsea and Surface Technologies segments. FTI reported adjusted earnings per share of 64 cents, surpassing the Zacks Consensus Estimate of 39 cents. Revenues of $2.3 billion marginally beat the Zacks Consensus Estimate by 0.5% FTI’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters. The earnings surprise was 39.25%, on average. This is depicted in the graph below:

TechnipFMC plc Price and EPS Surprise

TechnipFMC plc price-eps-surprise | TechnipFMC plc Quote

Trend in FTI’s Estimate Revision

The Zacks Consensus Estimate for fourth-quarter fiscal 2024 earnings has not witnessed any movement in the past seven days. The estimated figure indicates a 157.14% year-over-year increase. The Zacks Consensus Estimate for revenues implies a 10.57% increase from the year-ago period.

Factors to Consider Ahead of FTI’s Q4 Results

FTI’s revenues are likely to have improved in the quarter to be reported. Our model predicts fourth-quarter revenues to have increased to $2,255.7 million from the year-ago quarter’s $2,077.7 million. This can be attributed to the strong revenue contribution from the Subsea segment.

TechnipFMC's Subsea segment helps oil and gas companies find and extract oil and gas under the sea. The company designs, builds and installs the equipment needed for this and provides services to keep it working. The segment’s revenues are expected to have increased 12.4% year over year, totaling $1,933.2 million.

On a bearish note, the increase in FTI’s costs might have dented its to-be-reported bottom line. Going by our model, FTI’s total costs and expenses are likely to have gone up 4.2% year over year to $2,020.4 million in the fourth quarter.

Meanwhile, the cost-of-service revenues are expected to have risen 31.4% year over year, reaching $1,099 million. The upward cost trajectory could be attributed to the ongoing inflationary environment and tight labor market.

What Does Our Model Predict for FTI?

The proven Zacks model does not conclusively show an earnings beat for TechnipFMC this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.

Earnings ESP of FTI: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is -7.04%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

FTI’s Zacks Rank: FTI currently carries a Zacks Rank #3.

Stocks to Consider

Here are some firms from the energy space that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

APA Corporation APA has an Earnings ESP of +3.97% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

The firm is scheduled to release earnings on Feb. 26. Valued at around $8.43 billion, APA’s shares have lost 24.1% in a year. APA is one of the world's leading independent energy companies engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids.

BKV Corporation BKV has an Earnings ESP of +89.47% and a Zacks Rank #2. Valued at around $1.98 billion, BKV’s shares have lost 29.7% in a year.

The firm is scheduled to release earnings on Feb. 26. BKV focuses on acquiring, developing and managing natural gas and natural gas liquid assets in the Barnett Shale within the Fort Worth Basin of Texas, as well as in the Marcellus Shale in the Appalachian Basin of Northeastern Pennsylvania.

Berry BRY has an Earnings ESP of +8.33% and a Zacks Rank #2. The firm is scheduled to release earnings on March 12.

Berry is an independent upstream energy company that focuses on the conventional, long-lived oil reserves principally in the San Joaquin basin of California. Valued at around $328.53 million, BRY’s shares have gained 29.7% in a year.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research