Capstone Turbine Corporation (CPST) Expected to Post Earnings of -$0.09 Per Share
Wall Street analysts expect that Capstone Turbine Corporation (NASDAQ:CPST) will report earnings per share of ($0.09) for the current quarter, Zacks reports. Four analysts have provided estimates for Capstone Turbine Corporation’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.07). Capstone Turbine Corporation posted earnings of ($0.19) per share in the same quarter last year, which indicates a positive year over year growth rate of 52.6%. The business is expected to issue its next earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Capstone Turbine Corporation will report full year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.18). For the next year, analysts forecast that the business will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.04). 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 issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.20 million. During the same quarter in the previous year, the firm earned ($0.17) EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year.
Several analysts recently weighed in on the stock. HC Wainwright set a $2.00 target price on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a report on Friday, October 20th. Roth Capital set a $2.00 target price on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a report on Friday, October 27th. CIBC raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Oppenheimer Holdings, Inc. raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1.58.
An institutional investor recently raised its position in Capstone Turbine Corporation stock. Renaissance Technologies LLC lifted its holdings in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 825,509 shares of the industrial products company’s stock after acquiring an additional 68,400 shares during the period. Renaissance Technologies LLC owned 2.31% of Capstone Turbine Corporation worth $632,000 at the end of the most recent reporting period. 13.45% of the stock is currently owned by hedge funds and other institutional investors.
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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