Latest news for Vibra Energia (OTC:PETRY) Stock

Vibra Energia SA is engaged in the marketing and distribution of fuel and lubricants. The company's operating segments includes Retail; Consumer Market; Aviation Market and Special Market. It generates maximum revenue from the Retail segment. The business activities of the company include distribution, transportation, distribution and trading of all energy forms, chemical products and asphalt, provision of related services, and importing and exporting related items.

VIBRA ENERGIA UNSP/ADR by Vibra Energia SA

Vibra Energia SA

JP Morgan analyst Matthew Boss downgrades American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) from Overweight to Neutral and lowers the price target from $27 to $23.

News

Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades American Eagle Outfitters to Neutral, Lowers Price Target to $23

Wolfe Research analyst Bill Carcache downgrades Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) from Outperform to Peer Perform.

ALLY

Wolfe Research Downgrades Ally Financial to Peer Perform

Shares of Verint Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) rose sharply in today's pre-market trading after the company reported a year-over-year increase in third-<a href="https://www.benzinga.com/insights/earnings/24/12/42326587/verint-systems-earnings-analysis-q3-recap">quarter financial results</a>.
Verint Systems posted adjusted earnings of 39 cents per share, up from year-ago earnings of 12 cents per share. The company's sales rose to $224.193 million from $218.547 million.
Verint Systems shares jumped 23.2% to $32.00 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) gained 161.5% to $7.01 in pre-market trading after the company announced changes in management including new CFO and CEO appointees.</li>
<li>Psyence Biomedical Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBM#NASDAQ">PBM</a>) rose 72.4% to $4.43 in pre-market trading after dipping more than 10% on Wednesday.</li>
<li>Mawson Infrastructure Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) gained 47.1% to $1.00 in pre-market trading. Mawson Infrastructure Disclosed Australian creditors filed involuntary Chapter 11 petition against the company.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) gained 21.3% to $15.43 in pre-market trading after dipping 23% on Wednesday.</li>
<li>Alset Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) gained 17.5% to $1.41 in pre-market trading.</li>
<li>BTC Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) rose 13.9% to $18.24 in pre-market trading after gaining 9% on Wednesday.</li>
<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) gained 13.8% to $119.48 in pre-market trading as the company reported better-than-expected results for its third quarter and issued strong guidance for fiscal 2024. The company also announced the appointment of Winnie Park as CEO and a member of its board of directors, effective Dec. 16, 2024.</li>
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) climbed 10.6% to $1.35 in pre-market trading after the company reported better-than-expected third-quarter sales results.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) gained 10.4% to $1.89 in pre-market trading. BranchOut Food signed a LOI and received $250,000 PO from a leading ingredient distributor.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>bluebird bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) shares tumbled 38.2% to $0.4550 in pre-market trading after the company announced a 1-for-20 reverse stock split.</li>
<li>SMX (Security Matters) Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) declined 26.9% to $0.2924 in pre-market trading after jumping 105% on Wednesday.</li>
<li>Cyclerion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) shares fell 23.2% to $4.88 in pre-market trading after jumping 294% on Wednesday.</li>
<li>Phoenix Motor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares fell 21.4% to $0.2890 in pre-market trading after gaining 13% on Wednesday.</li>
<li>Fusion Fuel Green PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) fell 21.4% to $0.4089 in pre-market trading after gaining over 63% on Wednesday.</li>
<li>SRM Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) fell 20.7% to $0.92 in pre-market trading after climbing 84% on Wednesday.</li>
<li>nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) fell 18.7% to $34.50 in pre-market trading after the company reported third-quarter financial results and issued fourth-quarter revenue guidance below estimates.</li>
<li>CN Energy Group. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>) dipped 16.3% to $0.4273 in pre-market trading after jumping 62% on Wednesday.</li>
<li>SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) shares dipped 14.7% to $24.45 in pre-market trading following third-quarter results.</li>
<li>American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) fell 14.4% to $17.59 in today's pre-market trading after the company reported a year-over-year decrease in third-quarter sales results. Also, the company said it expects a 4% decrease in fourth-quarter total revenue.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42332881/dow-settles-above-45000-for-first-time-investor-sentiment-improves-fear-greed-index-in-greed-zone">Dow Settles Above 45,000 For First Time As Salesforce, Marvell Surge: Investor Sentiment Improves, Fear Index In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

BLUE

BTCT

CAPR

CHPT

CNEY

CYCN

FIVE

HTOO

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

NCNO

PRFX

VRNT

Why Verint Systems Shares Are Trading Higher By Around 23%; Here Are 20 Stocks Moving Premarket

GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) reported quarterly earnings of $2.02 per share which missed the analyst consensus estimate of $2.19 by 7.76 percent. The company reported quarterly sales of $1.471 billion which beat the analyst consensus estimate of $1.465 billion by 0.40 percent. This is a 3.50 percent increase over sales of $1.421 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

GMS Q2 2025 Adj. EPS $2.02 Misses $2.19 Estimate, Sales $1.471B Beat $1.465B Estimate

The Nanox.ARC features a proprietary digital X-ray source, representing a significant advancement in X-ray technology. The Nanox.ARC utilizes advanced tomosynthesis technology with a cold cathode to create a more comprehensive, sliced three-dimensional view of the body, enhancing visualization with multiple layers of images and reducing the super-imposition of structures often seen in 2D X-rays.

Health Care

General

NNOX

Nano-x Imaging Has Received 510(K) Clearance From The FDA For Its Nanox.ARC, A Stationary X-ray System Intended To Produce Tomographic Images For General Use

Jefferies analyst James Heaney initiates coverage on Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a Hold rating and announces Price Target of $120.

Initiation

Jefferies Initiates Coverage On Walt Disney with Hold Rating, Announces Price Target of $120

Guidance

DLTH

Duluth Holdings Reiterated FY24 Net Sales Outlook Of $640M, Projects Full Year Gross Margin Reduction Of Approximately 125 Basis Points Versus Prior Year

Needham analyst Gil Blum reiterates Autolus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUTL#NASDAQ">AUTL</a>) with a Buy and maintains $10 price target.

Reiteration

AUTL

Needham Reiterates Buy on Autolus Therapeutics, Maintains $10 Price Target

Seaport Global analyst David Joyce downgrades Liberty Formula One Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONK#NASDAQ">FWONK</a>) from Buy to Neutral.

FWONK

Seaport Global Downgrades Liberty Formula One Gr to Neutral

Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) reported quarterly losses of $(0.41) per share which missed the analyst consensus estimate of $(0.32) by 28.12 percent. The company reported quarterly sales of $127.056 million which missed the analyst consensus estimate of $134.773 million by 5.73 percent. This is a 8.07 percent decrease over sales of $138.210 million the same period last year.

Duluth Holdings Q3 2024 Adj. EPS $(0.41) Misses $(0.32) Estimate, Sales $127.056M Miss $134.773M Estimate

Futures

Commodities

Reuters Reported OPEC+ Will Delay Oil Output Hike At Its Meeting On Thursday, Citing Sources

Telsey Advisory Group analyst Dana Telsey maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Outperform and maintains $130 price target.

Telsey Advisory Group Maintains Outperform on PVH, Maintains $130 Price Target

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and raises the price target from $1000 to $1050.

COST

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Raises Price Target to $1050

Telsey Advisory Group analyst Dana Telsey maintains American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) with a Market Perform and lowers the price target from $23 to $20.

Telsey Advisory Group Maintains Market Perform on American Eagle Outfitters, Lowers Price Target to $20

Needham analyst Ami Fadia reiterates Merus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) with a Buy and maintains $85 price target.

MRUS

Needham Reiterates Buy on Merus, Maintains $85 Price Target

CIBC Board of Directors declared a dividend of $0.97 per share on common shares for the quarter ending January 31, 2025 an increase of $0.07 per share from the previous quarter. This dividend is payable on January 28, 2025 to shareholders of record at the close of business on December 27, 2024.

Dividends

CIBC Declared A Quarterly Dividend Of $0.97 Per Share, Up $0.07 From The Previous Quarter, Payable January 28, 2025

Telsey Advisory Group analyst Cristina Fernandez maintains Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) with a Market Perform and lowers the price target from $30 to $24.

Telsey Advisory Group Maintains Market Perform on Foot Locker, Lowers Price Target to $24

Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) reported quarterly earnings of C$1.91 per share which beat the analyst consensus estimate of C$1.79 by 6.7 percent. This is a 21.66 percent increase over earnings of C$1.57 per share from the same period last year. The company reported quarterly sales of C$6.617 billion which beat the analyst consensus estimate of C$6.461 billion by 2.42 percent. This is a 13.17 percent increase over sales of C$5.847 billion the same period last year.

Canadian Imperial Bank Q4 2024 Adj. EPS C$1.91 Beats C$1.79 Estimate, SalesC $6.617B Beat C$6.461B Estimate

Needham analyst Bernie McTernan reiterates Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) from Hold to Hold.

CHWY

Needham Reiterates Hold on Chewyto Hold

Telsey Advisory Group analyst Cristina Fernandez maintains Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) with a Outperform and lowers the price target from $65 to $60.

Telsey Advisory Group Maintains Outperform on Academy Sports, Lowers Price Target to $60

Schlumberger (SLB), the world's biggest oilfield services company, will publish its first-quarter earnings on April 19. The company is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is it time to invest in the stock ahead of its earnings? Read on to learn my view... Schlumberger Limited (<a href="https://stocknews.com/stock/SLB/">SLB</a>) will report its first-quarter results on April 19. Wall Street expects the company to post higher revenue and earnings in the first quarter. With SLB's earnings expected shortly, I have discussed why waiting for an opportune entry point in the stock could be wise.
For the first quarter, SLB's EPS and revenue are expected to increase 18.9% and 12.5% year-over-year to $0.75 and $8.70 billion, respectively. The company has a solid earnings history, beating the consensus estimate in each of the trailing four quarters. For the first quarter, SLB expects revenue growth in the low teens and EBITDA growth in the mid-teens. SLB announced it will return $7 billion to shareholders over the next two years.
SLB intends to increase its 2024 shareholder returns to $3 billion and set a target of $4 billion for 2025. It forecasts over $100 billion in global offshore FIDs (final investment decisions) in 2024 and 2025. In the International markets, the company expects full-year revenue growth to be in the mid-teens, led by the Middle East and Asia, Europe, and Africa.
It expects to deliver more than $4 billion in additional subsea bookings this year, an increase of 25% year-over-year. Meanwhile, in North America, the company expects full-year revenue growth in the mid-single digits. Beyond 2025, SLB foresees record investment levels in the Middle East, as well as heightened offshore activity in Brazil, Guyana, Angola, and Norway.
SLB's stock has gained 6.4% over the past three months and declined 13.5% over the past six months to close the last trading session at $51.41.
Here's what you might want to consider ahead of its upcoming earnings release:
Strategic Acquisitions
On April 2, 2024, SLB announced a definitive agreement to acquire Champion X in an all-stock transaction. The acquisition strengthens SLB's position as a leader in the production space, with world-class production chemicals and artificial lift technologies. It will also help expand its presence in the less cyclical and growing production and recovery space, which aligns well with its returns-focused, capital-light strategy.
On March 27, 2024, SLB announced its agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support industrial decarbonization at scale. SLB CEO Olivier Le Peuch said, "For CCUS (carbon capture, utilization, and sequestration) to have the expected impact on supporting global net-zero ambitions, it will need to scale up 100-200 times in less than three decades."
"Crucial to this scale-up is the ability to lower capture costs, which often represent as much as 50-70% of the total spend of a CCUS project. We are excited to create this business with ACC to accelerate the deployment of carbon capture technologies that will shift the economics of carbon capture across high-emitting industrial sectors," he added.
Mixed Financials
SLB's revenue for the fourth quarter ended December 31, 2023, increased 14.1% year-over-year to $8.99 billion. Its adjusted EBITDA rose 18.5% over the prior-year quarter to $2.28 billion. The company's net income attributable to SLB increased 4.5% year-over-year to $1.11 billion. Also, its EPS came in at $0.77, representing an increase of 4% year-over-year.
On the other hand, its income before taxes margin came in at 15.9%, compared to 17.1% in the prior-year quarter.
For the fiscal year ended December 31, 2023, SLB's revenue increased 18% year-over-year to $33.14 billion. Its adjusted EBITDA rose 25.5% year-over-year to $8.11 billion. The company's net income attributable to SLB increased 22.1% over the prior-year period to $4.20 billion. Also, its EPS came in at $2.91, representing an increase of 21.8% year-over-year. In addition, its cash flow from operations rose 78.4% year-over-year to $6.64 billion.
On the other hand, its long-term debt increased 2.3% year-over-year to $10.84 billion.
Favorable Analyst Estimates
Analysts expect SLB's fiscal 2024 EPS and revenue to increase 18.5% and 12.7% year-over-year to $3.53 and $37.33 billion, respectively. Its fiscal 2025 EPS and revenue are expected to increase 18.5% and 11.3% year-over-year to $4.19 and $41.54 billion, respectively.
Similarly, analysts expect SLB's EPS and revenue for the quarter ending June 30, 2024, to increase 17.5% and 12.8% year-over-year to $0.85 and $9.13 billion, respectively.
Mixed Profitability
SLB's 16.56% trailing-12-month EBIT margin is 26.5% lower than the 22.52% industry average. Its 19.81% trailing-12-month gross profit margin is 57.3% lower than the 46.37% industry average. Additionally, its 7.38% trailing-12-month CAPEX / Sales is 49.6% lower than the 14.65% industry average.
On the other hand, SLB's 8.38% trailing-12-month levered FCF margin is 32.4% higher than the 6.33% industry average. Furthermore, the stock's 22.19% trailing-12-month Return on Common Equity is 24.7% higher than the industry average of 17.80%. Also, its 0.73x trailing-12-month asset turnover ratio is 40.3% higher than the industry average of 0.52x.
Stretched Valuation
In terms of forward non-GAAP P/E, SLB's 14.55x is 30.7% higher than the 11.13x industry average. Its 2.24x forward EV/Sales is 10.7% higher than the 2.02x industry average. Likewise, its 9x forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a> is 56.6% higher than the 5.75x industry average.
POWR Ratings Reflect Uncertainty
SLB has an overall rating of C, equating to a Neutral in our POWR Ratings system. The <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> are calculated by considering 118 different factors, each weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SLB has a D grade for Value, consistent with its stretched valuation. Its 1.62 beta justifies its C grade for Stability.
It has a C grade for Quality, which is in sync with its mixed profitability.
SLB is ranked #17 out of 49 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry. <a href="https://stocknews.com/stock/SLB/">Click here</a> to access SLB's Growth, Momentum, and Sentiment ratings.
Bottom Line
After a solid end to fiscal 2023, SLB expects further growth this year, driven by international investment and offshore growth. The company sees more than two-thirds of total investment taking place in the Middle East, offshore, and gas resources. SLB expects seasonal activity to bounce in the second quarter with further traction in the second half of the year.
The company's digital solutions are expected to be in demand as the industry goes through digitization. Moreover, its acquisition of ChampionX and investment in Aker Carbon Capture will drive future revenue growth.
Despite the favorable growth trends, the challenges of a slowdown in oil demand due to a sluggish global economy and a further escalation of tensions in the Middle East could hamper new investments and contract wins.
Given its mixed profitability and stability, it could be wise to wait for a better entry point in the stock.
How Does Schlumberger Limited (SLB) Stack Up Against Its Peers?
SLB has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A and B-rated stocks within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry: Vibra Energia S.A. (<a href="https://stocknews.com/stock/PETRY/">PETRY</a>), Trican Well Service Ltd. (<a href="https://stocknews.com/stock/TOLWF/">TOLWF</a>), and Geospace Technologies Corporation (<a href="https://stocknews.com/stock/GEOS/">GEOS</a>). For exploring more Buy-rated Energy - Services stocks, <a href="https://stocknews.com/category/energy-services/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
SLB shares fell $0.04 (-0.08%) in premarket trading Wednesday. Year-to-date, SLB has declined -1.21%, versus a 6.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/slb-petry-tolwf-geos-schlumberger-slb-earnings-loom-is-it-time-to-invest/>Schlumberger (SLB) Earnings Loom - Is It Time to Invest?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Schlumberger (SLB) Earnings Loom - Is It Time to Invest?

Vibra Energia S.A. goes ex dividend tomorrow

Ultrapar: Potential Regulatory Problems And Unattractive Valuation

COPEL: Privatization Brings New And Promising Strategy

Despite recent challenges, including a dip in revenue and operational hurdles, Clean Energy (CLNE) rebounded from its losses in the first quarter. With the second quarter earnings report on the horizon, all eyes are on CLNE's potential turnaround in financial performance. Can CLNE boost investor confidence with its Q2 earnings? Read on to find out… Clean Energy Fuels Corp. (<a href="https://stocknews.com/stock/CLNE/">CLNE</a>), a pioneer in procuring and using renewable natural gas (RNG), will soon report its fiscal 2024 second-quarter results, which ended June 30. In this piece, we will determine whether Clean Energy can boost investor confidence with its upcoming report.
Valued at $544.76 million, Clean Energy provides natural gas as an alternative fuel for vehicle fleets in the U.S. and Canada. It supplies RNG, compressed natural gas (CNG), and liquified natural gas (LNG) for medium, and heavy-duty vehicles and offers operation and maintenance services for vehicle fleet customer stations.
Recently, CLNE has made significant strides, particularly in expanding its RNG production and distribution network. The company sold 58 million gallons of RNG during the first quarter, marking an 8.6% year-over-year increase. It also opened two new fueling stations in Texas and completed a major dairy farm RNG digester project worth $26 million.
For the second quarter (ended June 2024), analysts expect a loss per share of $0.02, which is twice the loss of $0.01 per share reported in the prior quarter. On the contrary, the company's revenue for the same period is expected to increase 15.9% year-over-year to $104.92 million.
Clean Energy exceeded expectations in the <a href="https://investors.cleanenergyfuels.com/news-releases/news-release-details/clean-energy-reports-revenue-1037-million-and-580-million-rng">first quarter</a>, with revenue of $103.71 million, surpassing analysts' expectations of $99.69 million.  Additionally, the company reported a non-GAAP loss per share of $0.01, which was better than the forecasted loss per share of $0.03. Given this performance, there is potential for another beat in the upcoming earnings report.
Shares of CLNE have plunged 50.7% over the past year and 36.3% year-to-date to close the last trading session at $2.44. Also, the stock has declined 16.7% over the past month.
Let's look at factors that could influence CLNE's performance in the upcoming months.
Weak financials
For the first quarter that ended March 31, 2024, CLNE's total revenue decreased 21.5% year-over-year to $103.71 million. Its product revenues fell 25.3% from the year-ago value to $89.41 million. CLNE's operating loss for the quarter stood at $9.31 million.
The company reported a non-GAAP <a href="https://www.investopedia.com/terms/n/netloss.asp">net loss</a> of $2.33 million or $0.01 per share, compared to the previous year's loss of $15.89 million or $0.08 per share. In addition, its net cash outflows from operating activities amounted to $19 million, compared to an inflow of $2.59 million in the same period last year.
As of March 31, CLNE's cash, cash equivalents and current portion of restricted cash reduced to $91.41 million from $106.96 million recorded as of December 31, 2023.
Mixed Analyst Expectations
Analysts expect CLNE to post a loss per share of $0.01 in the third quarter, ending September 2024. However, its revenue for the same quarter is expected to increase 11.3% year-over-year to $106.37 million.
For the fiscal year ending December 2024, CLNE's loss per share is expected to be $0.04, indicating a 26.7% year-over-year increase. On the contrary, its revenue for the current year is forecasted to grow marginally from the prior year period to $430.28 million.
Dimmed Profitability
CLNE's trailing-12-month gross profit margin of 26.40% is 40.9% lower than the industry average of 44.65%. Likewise, its trailing-12-month asset turnover ratio of 0.34x is 31% lower than the industry average of 0.50x.
Moreover, its trailing-12-month EBITDA margin of negative 1.54% is lower than the industry average of 34.53%. CLNE's trailing-12-month ROCE, ROTC, and ROTA of negative 11.17%, negative 3.14%, and negative 6.41% compares to their respective industry averages of 13.81%, 7.54%, and 5.61%.
POWR Ratings Reflect a Weak Outlook
CLNE's bleak fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall D rating, equating to a Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CLNE has a D grade for Quality, consistent with its lower profit margins. It also has a D grade for Stability. CLNE's 24-month beta of 2.22 justifies the Stability grade.
Within the D-rated <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry, CLNE is ranked #46 out of 51 stocks.
Beyond what I have stated above, we have also given CLNE grades for Growth, Value, Momentum, and Sentiment. Get all CLNE ratings <a href="https://stocknews.com/stock/CLNE/">here</a>.
Bottom Line
Despite CLNE's rebound from the previous year's losses and management's upbeat report on exceeding its own expectations, the company still faces substantial challenges. The first quarter of fiscal 2024 saw a decline in total revenue, significant cash outflows from operating activities, and declining cash reserves.
With a projected net loss (between $101 million and $111 million) for the year and ongoing operational struggles, CLNE's journey to regain investor confidence through its upcoming earnings report remains critical amidst a challenging financial landscape.
Given CLNE's weak financials, declining profitability, and bleak near-term prospects, it could be wise to avoid investing in this stock now.
Stocks to Consider Instead of Clean Energy Fuels Corp. (CLNE)
Given its uncertain short-term prospects, the odds of CLNE outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these three A-rated (Strong Buy) stocks from the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry instead:
Vibra Energia S.A. (<a href="https://stocknews.com/stock/PETRY/">PETRY</a>)
Trican Well Service Ltd. (<a href="https://stocknews.com/stock/TOLWF/">TOLWF</a>)
MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>)
To explore more A and B-rated energy stocks, <a href="https://stocknews.com/category/energy-services/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CLNE shares were trading at $2.61 per share on Friday afternoon, up $0.17 (+6.97%). Year-to-date, CLNE has declined -31.85%, versus a 19.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/clne-petry-tolwf-mrc-can-clean-energy-fuels-clne-boost-investor-confidence-with-its/>Can Clean Energy Fuels (CLNE) Boost Investor Confidence With Its Q2 Earnings?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Clean Energy Fuels (CLNE) Boost Investor Confidence With Its Q2 Earnings?

Vibra Energia S.A. goes ex dividend Monday

Lazard Emerging Markets Equity Portfolio Q2 2024 Commentary

Lazard Retirement Emerging Markets Equity Portfolio Q2 2024 Commentary

Vibra Energia: A Top Player In Brazil's Fuel And Energy Market, But Caution Advised On Its ADR For Now

The energy market is continuously evolving and expanding, fueled by favorable trends and advanced technologies, and TechnipFMC (FTI) stands to capitalize on these market trends with robust demand for its services and solid financial performance. So, let's determine whether TechnipFMC plc is an ideal addition to your portfolio. Read more to find out... TechnipFMC plc (<a href="https://stocknews.com/stock/FTI/">FTI</a>) is a leading technology provider to the traditional and new energy sectors, delivering fully integrated projects, products, and services. The company reported solid financial results for the third quarter of 2024.
TechnipFMC's inbound orders increased 29.8% during the third quarter from the prior year's quarter to $2.78 billion, while its backlog stood at $14.70 billion. Also, the company's revenue from the Subsea segment was up 18.7% year-over-year to $2.03 billion.
FTI was awarded two significant contracts during the period by Petrobras for the Petrobras flexible pipe and subsea production systems. It received an iEPCI&#x2122; contract for BP's Greenfield Kaskida development in the Gulf of Mexico. TotalEnergies recently awarded the company a contract for its GranMorgu project.
Given the nature of FTI's services and facilities, its market demand in the coming years appears robust with expanding industry operations, advanced technologies, and enhanced capabilities. It offers a wide array of services in the form of design, engineering, procurement, manufacturing, fabrication, installation, and life of field services, enabling smooth operations for its customers.
Also, amid the increasing demand for energy across various end-user sectors, favorable regulatory frameworks, and new technological advancements, the <a href="https://www.fortunebusinessinsights.com/industry-reports/energy-as-a-service-market-101204">global energy as a service (EaaS) market</a> is expected to grow to $208.20 million by 2032 at a CAGR of 11.8%. In global comparison, the U.S. energy as a service market is projected to grow significantly, reaching a value of $52.52 billion by 2032.
Shares of FTI have surged 21.3% over the past six months and 55.1% over the past year to close its last trading session at $31.37.
Let's look at factors that could influence FTI's performance in the upcoming months.
Positive Recent Developments
On November 14, FTI was awarded a major integrated engineering, procurement, construction, and installation (iEPCI&#x2122;) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
On November 4, FTI and Prysmian signed a collaboration agreement to accelerate the global development of floating offshore wind to help meet the growing demand for renewable electricity. The combined competencies of the companies will provide unique capabilities to pioneer a complete water column solution, from seabed to ocean surface.
Also, on October 7, FTI was awarded an iEPCI&#x2122; contract by BP for its greenfield Kaskida development in the Gulf of Mexico. Under the contract, FTI will design and manufacture subsea production systems, including 20,000 psi (20K) standardized subsea trees and manifolds.
Robust Financials
FTI's revenue increased 14.2% year-over-year to $2.35 billion during the third quarter that ended September 30, 2024. Its income before income taxes grew 140.6% from the year-ago value to $272.40 million. The company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> of $386.10 million indicates an increase of 62.6% from the prior year's quarter.
In addition, the company's adjusted net income came in at $280.50 million, up 195.6% year-over-year, while adjusted EPS rose 204.8% from the prior-year quarter to $0.64, respectively. Also, the company's cash and cash equivalents and total assets totaled $837.50 million and $9.72 billion as of September 30, 2024.
Buoyed by its financial performance, FTI projects Subsea segment revenue in the range of $7.60 - 7.80 billion and Surface Technologies segment revenue in the range of $1.20 - 1.35 billion. Also, it expects free cash flow between $425 and 575 million.
Solid Historical Growth
FTI's revenue and EBITDA have grown at respective CAGRs of 10.7% and 46.2% over the past three years. The company's EBIT has increased at a CAGR of 222% over the same timeframe, while its net income and EPS have improved at CAGRs of 70.1% and 73.1%, respectively.
Favorable Analyst Estimates
Analysts expect FTI's revenue for the fourth quarter (ending December 2024) to increase 10.2% year-over-year to $2.29 billion. The consensus EPS estimate of $0.35 for the ongoing quarter indicates a 153% year-over-year improvement. Moreover, FTI has an impressive earnings surprise history, having topped consensus revenue and EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's revenue and EPS are expected to grow 15.1% and 269.6% year-over-year to $9.01 billion and $1.66, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2025 to increase 9.8% and 20.6% year-over-year to $9.89 billion and $2.01, respectively.
High Profitability
FTI's trailing-12-month Levered FCF margin of 13.43% is 93.1% higher than the industry average of 6.95%. Its trailing-12-month ROCE of 20.16% is 63% higher than the industry average of 12.37%. Similarly, its trailing-12-month ROTC of 11.51% is considerably higher than the industry average of 6.96%.
POWR Ratings Reflect Optimism
FTI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its solid fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. FTI has a B grade for Growth, which is in sync with its impressive historical growth.
In addition, the stock has a B grade for Quality and Sentiment, consistent with its higher-than-industry profitability and optimistic analysts' estimates.
FTI is ranked #10 in the 52-stock <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry.
Beyond what I have stated above, we have also given FTI grades for Value, Momentum, and Stability. Get access to all the FTI ratings <a href="https://stocknews.com/stock/FTI/">here</a>.
Bottom Line
FTI reported better-than-expected earnings for the third quarter of fiscal 2024, beating analysts' estimates. The company's strong industry footing, significant contracts and alliances, and solid financial performance position it for bright long-term prospects. Also, the company's
The company's Board declared a quarterly dividend of $0.05 per share and also authorized additional share repurchases of up to $1 billion, reflecting its continued strong cash generation.
Given FTI's solid financials, accelerating profitability, reliable dividends, and promising growth outlook, this stock could be an ideal buy now.
How Does TechnipFMC plc (FTI) Stack Up Against Its Peers?
While FTI has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry with A (Strong Buy) or B (Buy) ratings: Vibra Energia S/A ADR (<a href="https://stocknews.com/stock/PETRY/">PETRY</a>), Ranger Energy Services, Inc. (<a href="https://stocknews.com/stock/RNGR/">RNGR</a>), and Trican Well Service Ltd. (<a href="https://stocknews.com/stock/TOLWF/">TOLWF</a>).
For exploring more A and B-rated energy stocks, <a href="https://stocknews.com/category/energy-services/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
FTI shares were trading at $31.09 per share on Monday morning, down $0.28 (-0.89%). Year-to-date, FTI has gained 55.54%, versus a 28.13% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/fti-petry-rngr-tolwf-is-technipfmcs-position-in-the-energy-sector-a-reason-to/>Is TechnipFMC's Position in the Energy Sector a Reason to Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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