What To Expect From Fluence Energy’s (FLNC) Q4 Earnings

StockStory
02-09
What To Expect From Fluence Energy’s (FLNC) Q4 Earnings

Electricity storage and software provider Fluence (NASDAQ:FLNC) will be reporting earnings tomorrow after market hours. Here’s what investors should know.

Fluence Energy missed analysts’ revenue expectations by 4% last quarter, reporting revenues of $1.23 billion, up 82.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported 18,300 deployed megawatts for digital contracts, up 18.1% year on year.

Is Fluence Energy a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Fluence Energy’s revenue to grow 3.8% year on year to $377.6 million, slowing from the 17.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.22 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fluence Energy has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Fluence Energy’s peers in the renewable energy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. American Superconductor delivered year-on-year revenue growth of 56%, beating analysts’ expectations by 8.4%, and Nextracker reported a revenue decline of 4.4%, topping estimates by 3.6%. American Superconductor traded up 33.9% following the results while Nextracker was also up 24.3%.

Read our full analysis of American Superconductor’s results here and Nextracker’s results here.

There has been positive sentiment among investors in the renewable energy segment, with share prices up 2% on average over the last month. Fluence Energy is down 24.5% during the same time and is heading into earnings with an average analyst price target of $25 (compared to the current share price of $12.51).

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