Can Bloom Energy Repeat Last Quarter's 29% Revenue Beat?

Bloom Energy Corporation (NYSE: BE ) shares are in the spotlight Friday, with earnings on deck, backlog and guidance in focus, recent analyst activity and a technical setup showing a pullback inside a broader uptrend. Bloom Energy stock is facing resistance. Why are BE shares declining? Earnings Preview & History Bloom Energy is scheduled to report third-quarter earnings on October 22 after the market closes. Analysts estimate earnings per share of 67 cents along with revenue of $1.05 billion. For the prior quarter, Bloom Energy reported earnings per share of 78 cents, beating the consensus estimate of 40 cents. The company also posted revenue of $1.06 billion, beating the consensus estimate of $822.77 million. What to Watch: Backlog Growth, Guidance and Customer Concentration Investors will be closely tracking backlog and bookings, since management said backlog is growing faster than...