Consensus estimates call for fiscal fourth-quarter revenue of $44.9 million, up 4.2% sequentially and 222% higher year over year. The company is expected to post a per-share loss of $0.07, a penny better sequentially and two pennies worse than the year-ago loss. For the full 2022 fiscal year that ended in October, analysts expect a loss per share of $0.32, worse than last year’s loss of $0.30 per share, on sales of $136.64 million, up 96.4%.
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 8.3 times. The estimated multiple for 2023 is 7.7, and for 2024 it is 5.3. The stock’s 52-week range is $2.77 to $7.33. The company does not pay a dividend, and the total shareholder return for the past year was negative 44%.
Nike
Over the past 12 months, shares of athletic gear maker Nike Inc. (NYSE: NKE) have declined by about 35%. For the year to date, the Dow component is the fourth-worst performer, down 36.4% and 35.7% lower since its 52-week high posted lasted December. The company’s chief financial officer already has commented that gross margins could fall by as much as 4% in the quarter, the result of steep discounts on high inventory levels of out-of-season goods. Nike reports results after markets close Tuesday.
Of 36 brokerages covering the stock, 24 rate the shares a Buy or Strong Buy. The rest have a Hold rating. At a share price of around $105.10, the upside potential based on a median price target of $125.00 is about 14.2%. At the high price target of $185.00, the implied upside is 76%.
For the company’s second quarter of fiscal 2023, revenue is expected to come in at $12.57 billion, down 0.9% sequentially but up 10.7% year over year. Adjusted EPS are forecast at $0.65, down 29.9% sequentially and by 21.7% year over year. For the full fiscal year ending in May, current estimates call for EPS of $2.98, down 30.1%, on sales of $49.09 billion, up about 5.1%.
Nike stock trades at 35.2 times expected 2023 EPS, 27.7 times estimated 2024 earnings of $3.79 and 22.6 times estimated 2025 earnings of $4.64 per share. The stock’s 52-week range is $85.22 to $171.19. Nike pays an annual dividend of $1.36 (yield of 1.28%). Total shareholder return for the past year was a negative 35%.
Originally published at 24/7 Wall St.
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