FY2019 EPS Estimates for Ballard Power Systems (TSE:BLD) Lowered by B. Riley

Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) – Equities research analysts at B. Riley dropped their FY2019 earnings per share estimates for Ballard Power Systems in a research report issued on Thursday, May 3rd, according to Zacks Investment Research. B. Riley analyst C. Driscoll now anticipates that the company will earn $0.00 per share for the year, down from their prior forecast of $0.01. B. Riley also issued estimates for Ballard Power Systems’ Q4 2019 earnings at $0.01 EPS.

Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) last posted its quarterly earnings data on Tuesday, May 1st. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.01). The company had revenue of C$25.41 million during the quarter, compared to analyst estimates of C$35.77 million. Ballard Power Systems had a negative net margin of 3.22% and a negative return on equity of 3.42%.

BLD traded up C$1.58 during midday trading on Friday, hitting C$76.49. The company had a trading volume of 212,900 shares, compared to its average volume of 289,797. Ballard Power Systems has a twelve month low of C$49.61 and a twelve month high of C$82.26.

Ballard Power Systems Company Profile

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

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Earnings History and Estimates for Ballard Power Systems (TSE:BLD)

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