Capital Clean Energy (CCEC) Earnings Preview: What to Expect on November 8th
Investors are eagerly awaiting Capital Clean Energy’s (CCEC) quarterly earnings report, scheduled for release on Friday, November 8th, 2024. The company, a leading provider of gas carriage solutions for the energy transition, is anticipated to report an earnings per share (EPS) of $0.48, according to analysts. However, the real focus for investors lies beyond the simple EPS figure. They are looking for signs of exceeding these estimates and, even more importantly, positive guidance for the next quarter.
Historical Performance: A Look Back
Capital Clean Energy has a history of exceeding EPS expectations, which has generally led to positive market reactions. In the previous earnings release, the company beat EPS by $0.16, though the share price saw a 0.0% drop in the following trading session. Here’s a glimpse into the company’s past performance and the resulting price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 0.18 | 0.34 | -2.0% |
| Q1 2024 | 0.36 | 0.32 | 0.0% |
| Q4 2023 | 0.63 | 0.61 | 3.0% |
| Q3 2023 | 0.74 | 0.84 | 1.0% |
Analyst Sentiment: Positive Outlook
Analysts are generally bullish on Capital Clean Energy. A total of 1 analyst rating has been received for the company, with the consensus rating being Outperform. The average one-year price target stands at $22.0, suggesting a potential 16.77% upside.
Peer Comparison: A Competitive Landscape
To gain further insights, let’s compare Capital Clean Energy to some of its key competitors in the shipping industry. These comparisons offer a valuable perspective on their relative performance expectations and market positioning.
*
Genco Shipping & Trading:
Analysts maintain a Buy rating, with an average 1-year price target of $21.33, indicating a potential 13.22% upside.*
Navios Maritime Partners:
The consensus outlook from analysts is Buy, with an average 1-year price target of $80.0, indicating a potential 324.63% upside.*
Costamare:
Analysts currently favor a Neutral trajectory, with an average 1-year price target of $13.0, suggesting a potential 31.0% downside.Financial Insights: Key Performance Metrics
Capital Clean Energy’s financial performance reveals both strengths and areas for improvement. Here’s a closer look at key metrics compared to industry averages:
| Metric | Capital Clean Energy | Industry Average | Notes |
|—|—|—|—|
| Revenue Growth (3 Months) | 10.32% | 15.21% | While positive, the company lags behind its industry peers. |
| Gross Profit | $52.71M | $64.25M | Lower than industry average, suggesting potential cost management challenges. |
| Return on Equity (ROE) | 2.78% | 4.55% | Below industry benchmarks, signaling potential difficulties in efficiently using equity capital. |
| Return on Assets (ROA) | 0.93% | 1.28% | Below industry benchmarks, indicating potential challenges in generating satisfactory returns from its assets. |
| Debt-to-Equity Ratio | 2.1 | 1.4 | High debt levels, indicating potential financial strain. |
Key Takeaway:
Capital Clean Energy is a company worth watching closely. It has a solid track record of exceeding EPS expectations and a positive outlook from analysts. However, its financial performance shows areas where it needs to improve, especially in terms of cost management, return on equity, and debt levels. The company’s upcoming earnings release will offer valuable insights into its progress in these areas. Stay tuned for the results on November 8th.Unveiling the Story Behind Capital Clean Energy
Capital Clean Energy Carriers Corp is an international shipping company. It is a leading platform for gas carriage solutions, focused on the energy transition. The company owns 20 high-specification vessels, including 12 latest-generation LNG carriers (LNG/Cs) and eight legacy Neo-Panamax container vessels. These vessels are crucial for the transportation of liquefied natural gas (LNG), a clean-burning fuel playing a vital role in the transition to a lower-carbon energy future.
