-$0.08 EPS Expected for Capstone Turbine Corporation (CPST) This Quarter
Equities analysts expect that Capstone Turbine Corporation (NASDAQ:CPST) will post earnings of ($0.08) per share for the current quarter, Zacks reports. Four analysts have made estimates for Capstone Turbine Corporation’s earnings, with estimates ranging from ($0.10) to ($0.07). Capstone Turbine Corporation posted earnings per share of ($0.19) in the same quarter last year, which indicates a positive year-over-year growth rate of 57.9%. The firm is expected to announce its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Capstone Turbine Corporation will report full year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.35) to ($0.18). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.08) per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Capstone Turbine Corporation.
Capstone Turbine Corporation (NASDAQ:CPST) last released its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The firm had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $19.20 million. During the same period in the previous year, the firm posted ($0.17) EPS. Capstone Turbine Corporation’s revenue for the quarter was up .5% on a year-over-year basis.
Several analysts have recently weighed in on the company. HC Wainwright set a $2.00 target price on Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Capstone Turbine Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Roth Capital set a $1.00 target price on Capstone Turbine Corporation and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine downgraded Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. raised its stake in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,714 shares of the industrial products company’s stock after buying an additional 28,050 shares during the period. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent SEC filing. Institutional investors own 15.01% of the company’s stock.
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Capstone Turbine Corporation (NASDAQ:CPST) opened at 0.643 on Wednesday. Capstone Turbine Corporation has a 1-year low of $0.61 and a 1-year high of $1.97. The firm’s market capitalization is $27.40 million. The company’s 50-day moving average price is $0.67 and its 200 day moving average price is $0.71.
Capstone Turbine Corporation Company Profile
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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