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Zacks' 7 Best Strong Buy Stocks (New Research Report)
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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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FuelCell Energy (FCEL) to Report Q4 Earnings: What to Expect
FuelCell Energy Inc. (FCEL - Free Report) is slated to release fourth-quarter fiscal 2021 results on Dec 29. In the last reported quarter, the company delivered an earnings surprise of 20%.
Let’s see how things have shaped up for this alternate energy company prior to the earnings announcement.
Factors to Note
Its fiscal fourth-quarter earnings are expected to have gained from the increasing adoption of the fuel cell technology and proper execution of projects. During the quarter, FuelCell Energy signed an agreement with ExxonMobil to extend its ongoing collaboration on fuel cell technology by six months. The agreement will allow FuelCell Energy to continue its work relating to the capture of carbon dioxide from industrial facilities and power generation.
The company is likely to have benefited from lower capital servicing costs in the fiscal fourth quarter as FuelCell Energy reduced outstanding long-term debt during the first nine months of fiscal 2021.
Expectations
The Zacks Consensus Estimate for the top and bottom lines is pegged at $20.34 million and a loss of 2 cents per share, respectively. The top- and bottom-line estimates indicate year-over-year growth of 19.7% and 75%, respectively.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for FuelCell 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 odds of an earnings beat. It does not have the required combination, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
FuelCell Energy, Inc. Price and EPS Surprise
FuelCell Energy, Inc. price-eps-surprise | FuelCell Energy, Inc. Quote
Earnings ESP: FCEL’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FuelCell Energy currently has a Zacks Rank #3.
Stocks With Favorable Combination
Clearway Energy (CWEN - Free Report) , TotalEnergies SE (TTE - Free Report) and Texas Pacific Land Corporation (TPL - Free Report) are some stocks from the same industry that have the right combination of elements to post an earnings beat in the upcoming releases:
Clearway Energy and TotalEnergies have a Zacks Rank #3, while Texas Pacific holds a Zacks Rank #2.
Clearway Energy, TotalEnergies, and Texas Pacific have an Earnings ESP of +140.00%, +15.16%, and +12.66%, respectively.