Key Takeaways:
- New Fortress Energy’s (NFE, Financial) Q1 earnings release is anticipated on May 12, with expected figures of -$0.05 EPS and $614.5 million in revenue.
- Analysts’ average target price signals a significant potential upside of nearly 99% from the current price.
- GuruFocus estimates suggest a remarkable 361.87% upside based on GF Value projections.
Anticipated Earnings Results for New Fortress Energy
New Fortress Energy (NFE) is poised to disclose its first-quarter earnings results on May 12, following the market’s close. The energy sector players are keenly observing this release. Analysts have predicted an earnings per share (EPS) of -$0.05, with revenue estimates hovering around $614.5 million. Historically, NFE has outperformed EPS expectations 75% of the time and has exceeded revenue projections in 63% of instances, making this a critical event for stakeholders.
Wall Street’s Perspective and Analyst Forecast
The sentiment on Wall Street reveals a promising one-year price target for New Fortress Energy (NFE, Financial), as compiled from seven analysts. The average target is pegged at $12.57, with projections ranging from a low of $8.00 to a high of $20.00. This average suggests a substantial upside potential of 98.92% from the current trading price of just $6.32. For further details, visit the New Fortress Energy Inc (NFE) Forecast page.
Brokerage Firm Ratings and Insights
New Fortress Energy Inc (NFE, Financial) currently receives an average brokerage recommendation of 2.0, equivalent to an “Outperform” status. This is the consensus from seven brokerage firms, according to a scale where 1.0 stands for a Strong Buy and 5.0 denotes a Sell, highlighting a positive outlook for the company.
GF Value Assessment and Upside Potential
According to GuruFocus, the estimated GF Value for New Fortress Energy Inc (NFE, Financial) in one year is $29.19. This estimation suggests an extraordinary upside of 361.87% from the current market price of $6.32. The GF Value represents GuruFocus’ fair value assessment, derived from historical trading multiples, past growth, and future business performance forecasts. Additional insights can be accessed on the New Fortress Energy Inc (NFE) Summary page.