New Fortress Energy (NASDAQ:NFE) reported its Q1 earnings results on Thursday, May 5, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
New Fortress Energy beat estimated earnings by 175.61%, reporting an EPS of $1.13 versus an estimate of $0.41.
Revenue was up $359.43 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.19 which was followed by a 5.52% increase in the share price the next day.
Here's a look at New Fortress Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.91 | 0.32 | 0.16 | 0.01 |
| EPS Actual | 0.72 | -0.05 | -0.03 | -0.21 |
| Revenue Estimate | 446.21M | 366.00M | 340.09M | 162.46M |
| Revenue Actual | 648.63M | 304.66M | 223.84M | 145.68M |
To track all earnings releases for New Fortress Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
