Analysts Expect Ballard Power Systems, Inc. (NASDAQ:BLDP) Will Post Earnings of -$0.02 Per Share
Brokerages expect Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) to report earnings per share of ($0.02) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ballard Power Systems’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.01). Ballard Power Systems reported earnings per share of ($0.04) during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is expected to issue its next earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that Ballard Power Systems will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.05). For the next financial year, analysts forecast that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.05) to $0.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Ballard Power Systems.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Monday, May 1st. The technology company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). Ballard Power Systems had a negative net margin of 15.26% and a negative return on equity of 11.55%. The business had revenue of $22.70 million during the quarter, compared to the consensus estimate of $23.27 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The company’s revenue was up 39.3% on a year-over-year basis.
A number of brokerages recently commented on BLDP. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. FBR & Co set a $4.00 target price on shares of Ballard Power Systems and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, Roth Capital cut shares of Ballard Power Systems from a “buy” rating to a “neutral” rating and set a $3.00 target price on the stock. in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.42.
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Shares of Ballard Power Systems (NASDAQ:BLDP) remained flat at $2.93 on Tuesday. 444,164 shares of the company were exchanged. The company has a 50 day moving average price of $2.89 and a 200-day moving average price of $2.48. The stock’s market capitalization is $515.78 million. Ballard Power Systems has a 12 month low of $1.61 and a 12 month high of $3.48.
A number of large investors have recently made changes to their positions in the company. KCG Holdings Inc. raised its stake in shares of Ballard Power Systems by 220.0% in the first quarter. KCG Holdings Inc. now owns 204,521 shares of the technology company’s stock worth $454,000 after buying an additional 140,603 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ballard Power Systems by 483.1% in the first quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock worth $368,000 after buying an additional 137,200 shares during the period. Finally, Bluestein R H & Co. raised its stake in shares of Ballard Power Systems by 12.5% in the first quarter. Bluestein R H & Co. now owns 225,000 shares of the technology company’s stock worth $500,000 after buying an additional 25,000 shares during the period. 2.55% of the stock is currently owned by institutional investors and hedge funds.
Ballard Power Systems Company Profile
Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.
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