New Fortress Energy Inc reports results for the quarter ended September 30 - Earnings Summary

• New Fortress Energy Inc NFE.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of nine analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -11 cents to 11 cents per share.

• Revenue rose 10.3% to $567.54 million from a year ago; analysts expected $526.67 million.

• New Fortress Energy Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $9.3 million.

• New Fortress Energy Inc shares had risen by 4.1% this quarter and lost 74.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 101.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the natural gas utilities peer group is also "buy"

Wall Street's median 12-month price target for New Fortress Energy Inc is $15.50

This summary was machine generated from LSEG data November 8 at 04:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)