Ballard Power Systems Inc. (NASDAQ:BLDP) Expected to Post Earnings of -$0.06 Per Share

Equities research analysts predict that Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) will report earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Ballard Power Systems’ earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.05). Ballard Power Systems reported earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings results on Thursday, November 4th.

On average, analysts expect that Ballard Power Systems will report full-year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.21). For the next year, analysts anticipate that the business will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.25) to ($0.09). Zacks’ 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 posted its earnings results on Thursday, August 5th. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). Ballard Power Systems had a negative return on equity of 6.23% and a negative net margin of 68.18%. The firm had revenue of $24.96 million during the quarter, compared to analyst estimates of $20.64 million.

BLDP has been the topic of several research analyst reports. COKER & PALMER restated a “sector underperform” rating on shares of Ballard Power Systems in a report on Tuesday, July 13th. Raymond James reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Ballard Power Systems in a research report on Tuesday, August 10th. Piper Sandler cut their price target on shares of Ballard Power Systems from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday. National Bankshares lowered their price target on Ballard Power Systems from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, August 9th. Finally, Eight Capital reiterated a “hold” rating and set a C$18.00 price objective on shares of Ballard Power Systems in a research note on Tuesday, September 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.80.

Ballard Power Systems stock traded down $0.01 during mid-day trading on Thursday, hitting $15.54. 2,312,847 shares of the company’s stock were exchanged, compared to its average volume of 5,042,313. Ballard Power Systems has a fifty-two week low of $12.80 and a fifty-two week high of $42.28. The company has a quick ratio of 23.08, a current ratio of 23.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.62 billion, a P/E ratio of -67.57 and a beta of 1.40. The company’s 50 day simple moving average is $15.79 and its 200-day simple moving average is $18.21.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Ballard Power Systems by 12.6% in the first quarter. Goldman Sachs Group Inc. now owns 439,445 shares of the technology company’s stock valued at $10,697,000 after buying an additional 49,267 shares during the period. Millennium Management LLC raised its holdings in Ballard Power Systems by 45.0% in the 1st quarter. Millennium Management LLC now owns 894,409 shares of the technology company’s stock valued at $21,770,000 after acquiring an additional 277,726 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Ballard Power Systems during the 2nd quarter valued at $36,000. Great West Life Assurance Co. Can grew its holdings in shares of Ballard Power Systems by 182.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 74,039 shares of the technology company’s stock worth $1,791,000 after purchasing an additional 47,832 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in shares of Ballard Power Systems by 6.7% in the second quarter. Advisor Group Holdings Inc. now owns 53,283 shares of the technology company’s stock worth $966,000 after purchasing an additional 3,333 shares during the period. 24.03% of the stock is currently owned by institutional investors.

Ballard Power Systems Company Profile

Ballard Power Systems, Inc engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.

See Also: Blue-Chip Stocks

Get a free copy of the Zacks research report on Ballard Power Systems (BLDP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ballard Power Systems (NASDAQ:BLDP)

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.