Brokerages Expect Capstone Turbine Corporation (CPST) Will Post Quarterly Sales of $23.03 Million
Analysts predict that Capstone Turbine Corporation (NASDAQ:CPST) will post $23.03 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Capstone Turbine Corporation’s earnings, with estimates ranging from $22.00 million to $24.60 million. Capstone Turbine Corporation posted sales of $20.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.1%. The business is scheduled to issue its next earnings results on Thursday, February 8th.
On average, analysts expect that Capstone Turbine Corporation will report full year sales of $23.03 million for the current financial year, with estimates ranging from $86.30 million to $88.90 million. For the next fiscal year, analysts forecast that the company will report sales of $105.90 million per share, with estimates ranging from $98.40 million to $111.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Capstone Turbine Corporation.
Capstone Turbine Corporation (NASDAQ:CPST) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Capstone Turbine Corporation had a negative net margin of 25.94% and a negative return on equity of 117.63%. The company had revenue of $19.80 million during the quarter, compared to the consensus estimate of $20.23 million. During the same period last year, the firm posted ($0.19) earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis.
CPST has been the subject of a number of analyst reports. Roth Capital upgraded shares of Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $0.65 to $2.00 in a research note on Monday, September 18th. HC Wainwright set a $2.00 price target on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Thursday, August 10th. CIBC upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Oppenheimer Holdings, Inc. upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1.58.
Capstone Turbine Corporation (NASDAQ CPST) opened at $1.00 on Friday.
A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Renaissance Technologies LLC grew its stake in Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 825,509 shares of the industrial products company’s stock after acquiring an additional 68,400 shares during the quarter. Renaissance Technologies LLC owned about 2.31% of Capstone Turbine Corporation worth $632,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 13.45% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Capstone Turbine Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine Corporation and related companies with MarketBeat.com's FREE daily email newsletter.