Capstone Turbine Corporation (CPST) Posts Earnings Results, Misses Expectations By $0.01 EPS
Capstone Turbine Corporation (NASDAQ:CPST) released its quarterly earnings results on Thursday. The industrial products company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), Bloomberg Earnings reports. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The company had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. During the same period in the previous year, the business posted ($0.19) EPS. The firm’s quarterly revenue was up 32.0% compared to the same quarter last year.
A number of research firms have commented on CPST. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a report on Friday, October 20th. Roth Capital set a $2.00 price target 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. upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1.58.
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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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