Clean Energy Fuels Q2 2024 Adj. EPS $0.01 Beats $(0.03) Estimate, Sales $97.954M Miss $106.641M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clean Energy Fuels (NASDAQ:CLNE) reported Q2 2024 adjusted EPS of $0.01, beating the estimate of $(0.03) by 133.33%. However, sales of $97.954 million missed the $106.641 million estimate by 8.15%, though it represents an 8.18% increase from the same period last year.
August 07, 2024 | 8:10 pm
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Clean Energy Fuels reported better-than-expected Q2 2024 EPS of $0.01, beating the $(0.03) estimate. However, sales of $97.954 million missed the $106.641 million estimate, despite an 8.18% YoY increase.
The significant EPS beat is a positive indicator for the stock, suggesting better profitability than expected. However, the sales miss could temper some of the enthusiasm. Overall, the positive EPS surprise is likely to have a more substantial short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100