Wall Street analysts forecast that Capstone Turbine Co. (NASDAQ:CPST) will report sales of $22.78 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Capstone Turbine’s earnings, with estimates ranging from $22.00 million to $23.60 million. Capstone Turbine reported sales of $20.19 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The company is scheduled to report its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Capstone Turbine will report full-year sales of $22.78 million for the current year, with estimates ranging from $86.10 million to $86.90 million. For the next year, analysts expect that the company will post sales of $104.77 million per share, with estimates ranging from $97.80 million to $108.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Capstone Turbine.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The firm had revenue of $19.80 million during the quarter, compared to the consensus estimate of $20.23 million. Capstone Turbine had a negative net margin of 25.94% and a negative return on equity of 120.37%. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) earnings per share.

A number of analysts have recently commented on the company. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a report on Friday, October 20th. Oppenheimer upgraded Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. CIBC upgraded Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Roth Capital set a $2.00 target price on Capstone Turbine and gave the stock a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Capstone Turbine has an average rating of “Buy” and a consensus price target of $1.58.

Shares of Capstone Turbine (CPST) traded down $0.03 during trading on Tuesday, hitting $0.76. The stock had a trading volume of 619,400 shares, compared to its average volume of 395,596. Capstone Turbine has a 12 month low of $0.58 and a 12 month high of $1.35.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its holdings in Capstone Turbine by 15.8% during the second quarter. Wedbush Securities Inc. now owns 205,714 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 28,050 shares in the last quarter. GMT Capital Corp bought a new stake in Capstone Turbine during the third quarter worth about $191,000. Finally, Renaissance Technologies LLC raised its holdings in Capstone Turbine by 9.0% during the first quarter. Renaissance Technologies LLC now owns 825,509 shares of the industrial products company’s stock worth $632,000 after acquiring an additional 68,400 shares in the last quarter. Institutional investors and hedge funds own 10.06% of the company’s stock.

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Capstone Turbine 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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Earnings History and Estimates for Capstone Turbine (NASDAQ:CPST)

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