Analysts Anticipate Ballard Power Systems Inc (BLDP) Will Announce Earnings of -$0.04 Per Share

Wall Street brokerages expect that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will report earnings per share of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ballard Power Systems’ earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.05). Ballard Power Systems posted earnings per share of ($0.03) in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings report after the market closes on Wednesday, May 1st.

On average, analysts expect that Ballard Power Systems will report full year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.12). For the next financial year, analysts anticipate that the business will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.12) to ($0.05). Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.04). The company had revenue of $28.50 million for the quarter, compared to analyst estimates of $23.50 million. Ballard Power Systems had a negative return on equity of 15.06% and a negative net margin of 28.30%.

Several analysts have weighed in on the company. Zacks Investment Research raised Ballard Power Systems from a “sell” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Monday, January 7th. BidaskClub cut shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Finally, TheStreet raised shares of Ballard Power Systems from a “d” rating to a “c-” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.45.

NASDAQ BLDP traded down $0.03 during trading on Friday, hitting $3.35. The stock had a trading volume of 15,467 shares, compared to its average volume of 622,281. The company has a market cap of $788.56 million, a P/E ratio of -25.77 and a beta of 2.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.48 and a quick ratio of 4.87. Ballard Power Systems has a twelve month low of $2.25 and a twelve month high of $4.62.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Ballard Power Systems by 37.4% during the 3rd quarter. Morgan Stanley now owns 780,867 shares of the technology company’s stock valued at $3,356,000 after buying an additional 212,364 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Ballard Power Systems by 10.2% in the 4th quarter. Alps Advisors Inc. now owns 80,176 shares of the technology company’s stock valued at $192,000 after buying an additional 7,401 shares during the period. HRT Financial LLC purchased a new position in shares of Ballard Power Systems in the 3rd quarter valued at about $132,000. Lombard Odier Asset Management USA Corp purchased a new position in shares of Ballard Power Systems in the 3rd quarter valued at about $215,000. Finally, Virtu Financial LLC boosted its stake in shares of Ballard Power Systems by 324.2% in the 3rd quarter. Virtu Financial LLC now owns 46,846 shares of the technology company’s stock valued at $231,000 after buying an additional 35,802 shares during the period. Hedge funds and other institutional investors own 2.14% 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 (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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