Clear Power Corp. CLNE is ready to report first-quarter 2021 outcomes on Could 6, after the market closes. This clear gasoline supplier firm delivered a adverse earnings shock of 100% within the final reported quarter.
Let’s focus on the components which can be more likely to get mirrored within the upcoming quarterly outcomes.
Components at Play
Through the quarter, Clear Power opened a brand new fueling station in Whittier, CA. That is more likely to have had a optimistic affect on earnings within the first quarter. The corporate additionally opened a brand new public fueling station in Carson, CA that may present renewable pure gasoline to gasoline vans. This in flip is more likely to have helped Clear Power in reducing emissions. In consequence, the corporate’s total efficiency is more likely to have gotten a lift.
Through the quarter, Clear Power entered into some joint ventures with trade majors like TOTAL and BP to provide extra carbon impartial gasoline over the long term. It’s anticipated to have benefited from the gradual reopening of financial actions. This in flip is more likely to have pushed the demand for clear gasoline in public transit markets.
Expectation
The Zacks Consensus Estimate for first-quarter 2021 earnings per share is at present pegged at a penny, which signifies progress of 200% from the year-ago reported determine.
What Our Quantitative Mannequin Predicts
Our confirmed mannequin doesn’t conclusively predict an earnings beat for Clear Power this time round. The mix of a optimistic Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the chances of an earnings beat. That isn’t the case right here as you will note under. You may see the entire record of as we speak’s Zacks #1 Rank shares right here.
Clear Power Fuels Corp. Worth and EPS Shock
Clear Power Fuels Corp. price-eps-surprise | Clear Power Fuels Corp. Quote
Earnings ESP: The corporate’s Earnings ESP is 0.00%.
You may uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: Clear Power at present carries a Zacks Rank #4 (Promote).
Shares to Think about
Traders can think about just a few gamers from the identical sector which have the fitting mixture of components to submit earnings beat within the to-be-reported quarter.
CenterPoint Power CNP is ready to launch first-quarter 2021 outcomes on Could 6. It has an Earnings ESP of +4.52% and a Zacks Rank #3, presently.
Consolidated Edison ED is ready to launch first-quarter 2021 outcomes on Could 6. It has an Earnings ESP of +0.06% and a Zacks Rank #3, at current.
Duke Power Company DUK is ready to launch first-quarter 2021 outcomes on Could 10. This #Three Ranked participant has an Earnings ESP of +0.16% at current.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.