New Fortress Energy LLC (NASDAQ:NFE) is expected to report second quarter earnings results, before market open, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.3 per share.
Looking ahead, the full year loss are expected at $ 0.1 per share on the revenues of $ 552.12 million.
Previous Quarter Performance
New Fortress Energy LLC announced loss for the first quarter of $ 0.32 per share, from the revenue of $ 74.53 million. The quarterly revenues gained 148.85 percent compared with the same quarter last year. Wall street analysts are predicting, NFE to report 1Q20 loss of $ 0.18 per share from revenue of $ 82.24 million. The bottom line results missed street analysts by $ 0.14 or 77.78 percent, at the same time, top line results fell short of analysts by $ 7.71 million or 9.37 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NFE was $ 21.60, representing a 208.13 % increase from the 52 week low of $ 7.01 and a 2.04 % decrease over the 52 week high of $ 22.05.
The company has a market capital of $ 3.64 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
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Recent Analyst recommendations
- On 17th June 2020, initiated by Johnson Rice at Buy rating, with $ 22.00 target price.
Conference Call
New Fortress Energy LLC will be hosting a conference call at 8:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.newfortressenergy.com
New Fortress Energy LLC operates as an energy infrastructure company worldwide. It funds, builds, and operates natural gas infrastructure and logistics to deliver fully integrated turnkey energy solutions that enable economic growth, enhance environmental stewardship, and transform local industries and communities. The company was founded in 1998 and is based in New York, New York.
