FuelCell Energy(NASDAQ:FCEL) stock fell by 4.66% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 14, 2021 at 09:00 AM.
Here’s what investors need to know about the announcement.
Earnings
FuelCell Energy beat their estimated earnings by 20.0%, which surprised analysts.
Revenue was up $8,092,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $-0.01, which was followed by a 5.17% increase in the share price the next day.
Here’s a look at FuelCell Energy’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -0.05 | -0.05 | -0.04 | -0.04 | -0.06 |
| EPS Actual | -0.04 | -0.06 | -0.06 | -0.08 | -0.07 |
| Price Change % | -4.66% | 5.17% | 1.78% | 4.86% | 0.0% |
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).
Guidance
FuelCell Energy earnings and revenue guidance hasn’t been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
