Clean Energy Fuels Q1 2024 Adj EPS $(0.01) Beats $(0.04) Estimate, Sales $103.700M Beat $99.572M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clean Energy Fuels (CLNE) reported Q1 2024 adjusted EPS of $(0.01), surpassing the $(0.04) estimate, with sales of $103.700M exceeding the $99.572M forecast. This represents a 21.55% decrease in sales compared to the same period last year.

May 09, 2024 | 8:06 pm
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POSITIVE IMPACT
Clean Energy Fuels surpassed Q1 2024 EPS and sales estimates, reporting an adjusted EPS of $(0.01) and sales of $103.700M, outperforming expectations.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to an increase in stock price in the short term. The significant beat on EPS and the sales forecast surpassing expectations indicate operational efficiency and market demand strength. However, the year-over-year decrease in sales might temper some of the positive momentum, but the overall beat on estimates is likely to be the dominant factor in the short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100