Consensus estimates call for third-quarter revenue of $35.16 million, up 114.6% sequentially and by 31.1% year over year. The company is expected to post a per-share loss of $0.06, a penny worse sequentially and two pennies better than the year-ago loss. For the full 2022 fiscal year ending in October, analysts are expecting a loss per share of $0.23, better than last year’s loss of $0.30 per share, on sales of $129.78 million, up 86.5%.
FuelCell Energy is not expected to post a profit in 2022, 2023 or 2024. The stock trades at a 2022 enterprise value to sales multiple of 9.4 times. The estimated multiple for 2023 is 8.1, and for 2024 it is 5.8. The stock’s 52-week range is $2.87 to $11.63. The company does not pay a dividend, and the total shareholder return for the past year was negative 38.6%.
GameStop
Video gaming retailer GameStop Corp. (NYSE: GME) has watched its share price fall by nearly half over the past 12 months. It has been worse. In mid-March, the stock traded down by 63%. GameStop is expected to share its results after Wednesday’s close.
The stock’s most recent dive occurred last month when Chairman Ryan Cohen dumped his entire stake in Bed Bath & Beyond after driving up the stock’s price in a maneuver that a recent lawsuit alleges was a pump and dump scheme orchestrated by Cohen and the company’s late chief financial officer, Gustavo Arnal, who fell 18 stories from a New York apartment building.
Just two analysts have had anything to say on the stock. One has a Sell rating and the other has a Hold rating. At a share price of around $27.40, the stock trades well above its median price target of $17.50. At the high target of $27.50, the upside potential is 4%.
Second-quarter revenue is forecast at $1.27 billion, down 8.2% sequentially but 7.6% higher year over year. Analysts expect GameStop to report an adjusted loss per share of $0.44, compared to the prior quarter’s loss of $0.52 and the year-ago loss of $0.19. For the full 2023 fiscal year ending in January, analysts are forecasting an adjusted loss per share of $1.58, compared to the prior-year loss of $1.14 per share, and sales of $6.46 billion, up 7.5%.
GameStop is not expected to post a profit in either fiscal 2023 or 2024. Based on estimates of GameStop’s enterprise value ranging between $6.5 billion and $6.7 billion for the two fiscal years, the enterprise value to sales multiple is around 1.2. The stock’s 52-week range is $16.39 to $63.92, and GameStop does not pay a dividend. Total shareholder return for the past year is about negative 49%.
Originally posted at 24/7 Wall St.
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