New Fortress Energy (NASDAQ:NFE) is set to give its latest quarterly earnings report on Tuesday, 2023-02-28. Here's what investors need to know before the announcement.

Analysts estimate that New Fortress Energy will report an earnings per share (EPS) of $0.53.

New Fortress Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.36, which was followed by a 10.29% drop in the share price the next day.

Here's a look at New Fortress Energy's past performance and the resulting price change:

Stock Performance

Shares of New Fortress Energy were trading at $38.71 as of February 24. Over the last 52-week period, shares are up 21.04%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for New Fortress Energy visit their earnings calendar on our site.

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