New Fortress Energy (NASDAQ:NFE) Releases Earnings Results, Misses Expectations By $0.40 EPS

Key Points

• Earnings miss: NFE reported ($1.07) EPS, missing estimates by $0.40 and posted revenue of $327.37M versus estimates of $716.89M, with revenue down 42.3% year‑over‑year and negative net margin (72.92%) and ROE (43.91%).
• Financial stress and market position: The stock opened at $1.22 (1‑year low $0.98) with a market cap of $347.15M, high leverage (debt‑to‑equity 2.08) and weak liquidity (current ratio 0.17), signaling balance‑sheet strain.
• Mixed analyst view despite heavy institutional ownership: Institutions own ~58.6% of shares, the consensus rating is "Hold" with an average target of $7.88, but recent downgrades and sell/strong‑sell reports (e.g., Weiss, Zacks) highlight investor skepticism.

New Fortress Energy (NASDAQ:NFE - Get Free Report) released its earnings results on Thursday. The company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.40), Briefing.com reports. The firm had revenue of $327.37 million for the quarter, compared to analyst estimates of $716.89 million. New Fortress Energy had a negative return on equity of 43.91% and a negative net margin of 72.92%.The company's revenue for the quarter was down 42.3% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS.

New Fortress Energy Stock Performance

NFE opened at $1.22 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.17 and a quick ratio of 0.64. The firm has a fifty day moving average price of $1.71 and a 200 day moving average price of $2.53. New Fortress Energy has a 1 year low of $0.98 and a 1 year high of $16.66. The stock has a market cap of $347.15 million, a P/E ratio of -0.32 and a beta of 1.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of New Fortress Energy by 5.0% during the 2nd quarter. California State Teachers Retirement System now owns 97,267 shares of the company's stock worth $323,000 after acquiring an additional 4,663 shares in the last quarter. Osaic Holdings Inc. raised its holdings in New Fortress Energy by 244.7% in the 2nd quarter. Osaic Holdings Inc. now owns 11,566 shares of the company's stock worth $39,000 after purchasing an additional 8,211 shares during the period. CIBC Bancorp USA Inc. purchased a new position in New Fortress Energy during the third quarter worth approximately $40,000. B. Riley Wealth Advisors Inc. purchased a new position in New Fortress Energy during the second quarter worth approximately $63,000. Finally, Prudential Financial Inc. acquired a new stake in New Fortress Energy in the second quarter valued at approximately $66,000. Hedge funds and other institutional investors own 58.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFE. Weiss Ratings reissued a "sell (d-)" rating on shares of New Fortress Energy in a research report on Tuesday, October 14th. Zacks Research lowered shares of New Fortress Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Johnson Rice downgraded shares of New Fortress Energy from a "buy" rating to a "hold" rating and decreased their target price for the company from $7.00 to $4.00 in a research report on Wednesday, August 13th. Finally, Capital One Financial reaffirmed an "underweight" rating on shares of New Fortress Energy in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.88.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.

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