New Fortress Energy: Q1 Earnings Insights

New Fortress Energy: Q1 Earnings Insights

 

New Fortress Energy NFE reported its Q1 earnings results on Thursday, May 5, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

New Fortress Energy beat estimated earnings by 175.61%, reporting an EPS of $1.13 versus an estimate of $0.41.

Revenue was up $359.43 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.19 which was followed by a 5.52% increase in the share price the next day.

Here's a look at New Fortress Energy's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.91 0.32 0.16 0.01
EPS Actual 0.72 -0.05 -0.03 -0.21
Revenue Estimate 446.21M 366.00M 340.09M 162.46M
Revenue Actual 648.63M 304.66M 223.84M 145.68M

To track all earnings releases for New Fortress Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings