New Fortress Energy (NFE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - New Fortress Energy (NFE) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended December 2024, with actual results being a significant factor influencing its near-term stock price [1][3]. Earnings Expectations - The consensus estimate for quarterly earnings is $0.06 per share, reflecting a year-over-year decrease of 94.1$629.39 million, which is a 17% decline from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 322.94% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. - A positive Earnings ESP of +6.52% suggests that analysts have recently become more optimistic about the company's earnings [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from consensus estimates, with positive readings being more reliable [7][8]. - New Fortress Energy has a Zacks Rank of 3, which, combined with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, New Fortress Energy exceeded the expected earnings of $0.01 per share by delivering$0.05, resulting in a surprise of +400% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - New Fortress Energy is positioned as a potential earnings-beat candidate, but investors should consider additional factors beyond earnings results when making investment decisions [16].