$21.10 Million in Sales Expected for Capstone Turbine Corporation (CPST) This Quarter
Analysts predict that Capstone Turbine Corporation (NASDAQ:CPST) will post sales of $21.10 million for the current quarter, according to Zacks. Four analysts have issued estimates for Capstone Turbine Corporation’s earnings, with estimates ranging from $20.40 million to $22.50 million. Capstone Turbine Corporation reported sales of $15.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.7%. The company is expected to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Capstone Turbine Corporation will report full-year sales of $21.10 million for the current year, with estimates ranging from $87.20 million to $90.60 million. For the next fiscal year, analysts anticipate that the company will report sales of $107.67 million per share, with estimates ranging from $98.40 million to $113.50 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Capstone Turbine Corporation.
Capstone Turbine Corporation (NASDAQ:CPST) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The business had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.20 million. During the same period in the previous year, the business earned ($0.17) EPS. Capstone Turbine Corporation’s revenue was up .5% compared to the same quarter last year.
Several research analysts have weighed in on the stock. Roth Capital set a $1.00 price target on shares of Capstone Turbine Corporation and gave the stock a “hold” rating in a research report on Thursday, August 10th. HC Wainwright set a $2.00 price target on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, ValuEngine downgraded shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
Capstone Turbine Corporation (CPST) traded up 3.1587% on Friday, reaching $0.6499. 32,360 shares of the company were exchanged. The firm’s market capitalization is $27.70 million. The firm has a 50-day moving average of $0.67 and a 200 day moving average of $0.71. Capstone Turbine Corporation has a 12-month low of $0.61 and a 12-month high of $1.97.
A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Renaissance Technologies LLC boosted its stake in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 62.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 757,109 shares of the industrial products company’s stock after buying an additional 291,800 shares during the period. Renaissance Technologies LLC owned 2.12% of Capstone Turbine Corporation worth $515,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.01% of the company’s stock.
About Capstone Turbine Corporation
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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