Wall Street brokerages expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to post earnings per share of ($0.03) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ballard Power Systems’ earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.04). Ballard Power Systems reported earnings of ($0.04) per share in the same quarter last year, which would indicate a positive year over year growth rate of 25%. The firm is expected to report its next quarterly 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 financial year, analysts anticipate that the company will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.15) to ($0.08). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ballard Power Systems.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $24.79 million for the quarter, compared to the consensus estimate of $25.60 million. Ballard Power Systems had a negative net margin of 43.31% and a negative return on equity of 12.74%.
A number of brokerages have issued reports on BLDP. ValuEngine raised Ballard Power Systems from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BidaskClub raised Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th. HC Wainwright cut Ballard Power Systems from a “buy” rating to a “neutral” rating in a report on Friday, November 1st. Lake Street Capital lifted their price objective on Ballard Power Systems from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Friday, November 1st. Finally, Zacks Investment Research cut Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Ballard Power Systems currently has an average rating of “Hold” and an average target price of $5.06.
Shares of NASDAQ BLDP opened at $6.88 on Tuesday. The stock has a market cap of $1.61 billion, a PE ratio of -52.88 and a beta of 1.80. The business has a fifty day moving average of $5.96 and a two-hundred day moving average of $4.72. Ballard Power Systems has a 52-week low of $2.25 and a 52-week high of $7.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.32 and a current ratio of 3.91.
Several institutional investors have recently added to or reduced their stakes in BLDP. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Ballard Power Systems by 1,065.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 314,587 shares of the technology company’s stock valued at $1,284,000 after buying an additional 287,587 shares during the last quarter. Invesco Ltd. raised its holdings in Ballard Power Systems by 13.4% during the 2nd quarter. Invesco Ltd. now owns 1,312,682 shares of the technology company’s stock worth $5,356,000 after purchasing an additional 155,281 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Ballard Power Systems during the 2nd quarter worth about $561,000. Alps Advisors Inc. raised its holdings in Ballard Power Systems by 100.1% during the 2nd quarter. Alps Advisors Inc. now owns 252,543 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 126,321 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Ballard Power Systems during the 3rd quarter worth about $467,000. 4.35% of the stock is owned by institutional investors and hedge funds.
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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