$22.78 Million in Sales Expected for Capstone Turbine Co. (CPST) This Quarter

Equities analysts forecast that Capstone Turbine Co. (NASDAQ:CPST) will post $22.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Capstone Turbine’s earnings, with estimates ranging from $22.00 million to $23.60 million. Capstone Turbine posted sales of $20.19 million during the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The company is expected to report its next quarterly 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 fiscal year, analysts anticipate that the business will post sales of $104.77 million per share, with estimates ranging from $97.80 million to $108.30 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Capstone Turbine.

Capstone Turbine (NASDAQ:CPST) last announced 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). Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The company had revenue of $19.80 million during the quarter, compared to the consensus estimate of $20.23 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The business’s revenue was up 32.0% compared to the same quarter last year.

Several analysts recently issued reports on CPST shares. Roth Capital upgraded shares of Capstone Turbine from a “neutral” rating to a “buy” rating and boosted their target price for the company from $0.65 to $2.00 in a research report on Monday, September 18th. HC Wainwright restated a “buy” rating and set a $2.00 target price on shares of Capstone Turbine in a research report on Friday, November 3rd. CIBC upgraded shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 4th. Finally, Oppenheimer upgraded shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 4th. 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. The company presently has a consensus rating of “Buy” and an average target price of $1.58.

Shares of Capstone Turbine (NASDAQ:CPST) remained flat at $$0.77 during midday trading on Tuesday. 737,809 shares of the company were exchanged, compared to its average volume of 666,527. The company has a market capitalization of $35.99, a P/E ratio of -1.28 and a beta of 0.88. Capstone Turbine has a twelve month low of $0.58 and a twelve month high of $1.35.

A hedge fund recently raised its stake in Capstone Turbine stock. Wedbush Securities Inc. boosted its holdings in shares of Capstone Turbine Co. (NASDAQ:CPST) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,714 shares of the industrial products company’s stock after buying an additional 28,050 shares during the quarter. Wedbush Securities Inc. owned approximately 0.50% of Capstone Turbine worth $140,000 at the end of the most recent quarter. 10.02% of the stock is currently owned by institutional investors.

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About Capstone Turbine

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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