Westport Fuel Systems Inc (NASDAQ:WPRT) Scheduled to Post Quarterly Earnings on Monday
Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) is scheduled to be announcing its earnings results after the market closes on Monday, August 14th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last announced its quarterly earnings data on Thursday, May 11th. The auto parts company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. The company had revenue of $60 million for the quarter, compared to the consensus estimate of $77.71 million. Westport Fuel Systems had a negative return on equity of 81.28% and a negative net margin of 32.70%. The company’s revenue for the quarter was up 150.0% compared to the same quarter last year. On average, analysts expect Westport Fuel Systems to post $-0.5 EPS for the current fiscal year and $-0.28 EPS for the next fiscal year.
Shares of Westport Fuel Systems Inc (NASDAQ WPRT) traded up 5.62% during trading on Tuesday, reaching $1.88. The company’s stock had a trading volume of 149,065 shares. Westport Fuel Systems Inc has a 1-year low of $0.82 and a 1-year high of $2.65. The stock has a 50 day moving average of $1.97 and a 200-day moving average of $1.41. The company’s market capitalization is $207.40 million.
WPRT has been the topic of several recent research reports. Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Thursday, July 13th. Cowen and Company restated a “hold” rating and issued a $1.50 price target on shares of Westport Fuel Systems in a research report on Friday, July 14th. Finally, ValuEngine upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.
Westport Fuel Systems Company Profile
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
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