Equities analysts expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to report earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks. Three analysts have provided estimates for Ballard Power Systems’ earnings, with estimates ranging from ($0.06) to ($0.02). Ballard Power Systems also posted earnings of ($0.04) per share during the same quarter last year. The business is expected to report its next earnings report on Wednesday, March 4th.
According to Zacks, analysts expect that Ballard Power Systems will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.15). For the next fiscal year, analysts expect that the business will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.15) to ($0.08). Zacks’ EPS calculations are an average based on a survey of research firms that follow Ballard Power Systems.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its earnings results on Wednesday, October 30th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $24.79 million for the quarter, compared to analyst estimates of $25.60 million. Ballard Power Systems had a negative net margin of 43.31% and a negative return on equity of 12.74%.
BLDP has been the topic of several analyst reports. ValuEngine lowered shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. HC Wainwright lowered shares of Ballard Power Systems from a “buy” rating to a “neutral” rating in a report on Friday, November 1st. BidaskClub upgraded shares of Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th. Finally, Lake Street Capital increased their price target on Ballard Power Systems from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.06.
Shares of NASDAQ:BLDP traded down $0.22 during trading on Tuesday, hitting $6.43. 1,895,703 shares of the company’s stock were exchanged, compared to its average volume of 1,034,031. Ballard Power Systems has a 1-year low of $2.25 and a 1-year high of $7.30. The firm has a 50-day moving average price of $6.08 and a two-hundred day moving average price of $4.78. The company has a current ratio of 3.91, a quick ratio of 3.32 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.50 billion, a P/E ratio of -49.46 and a beta of 1.90.
Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Ballard Power Systems in the 2nd quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ballard Power Systems by 60.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,405 shares of the technology company’s stock valued at $56,000 after acquiring an additional 4,295 shares during the period. Altshuler Shaham Ltd bought a new position in Ballard Power Systems during the 2nd quarter worth approximately $116,000. Great West Life Assurance Co. Can boosted its stake in Ballard Power Systems by 175.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 27,279 shares of the technology company’s stock worth $133,000 after acquiring an additional 17,362 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Ballard Power Systems by 17.3% during the 2nd quarter. Toronto Dominion Bank now owns 38,386 shares of the technology company’s stock worth $157,000 after acquiring an additional 5,649 shares during the last quarter. Institutional investors own 4.35% of the company’s stock.
Ballard Power Systems Company Profile
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.
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