Brokerages Expect Ballard Power Systems Inc (NASDAQ:BLDP) to Announce -$0.04 Earnings Per Share

Wall Street analysts expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ballard Power Systems’ earnings, with estimates ranging from ($0.05) to ($0.03). Ballard Power Systems posted earnings of ($0.02) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 100%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Ballard Power Systems will report full year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.13). For the next fiscal year, analysts expect that the company will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.10) to ($0.06). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. Ballard Power Systems had a negative net margin of 36.58% and a negative return on equity of 14.37%. The company had revenue of $16.00 million during the quarter, compared to the consensus estimate of $20.63 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was down 20.4% on a year-over-year basis.

A number of equities analysts have weighed in on BLDP shares. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Roth Capital reaffirmed a “sell” rating on shares of Ballard Power Systems in a research note on Monday, July 1st. TheStreet downgraded shares of AMERCO from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.70.

Shares of NASDAQ BLDP remained flat at $$3.99 during trading on Friday. 518,610 shares of the company’s stock were exchanged, compared to its average volume of 804,263. Ballard Power Systems has a one year low of $2.25 and a one year high of $4.62. The stock has a market cap of $928.09 million, a PE ratio of -30.69 and a beta of 1.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.67 and a current ratio of 5.35. The stock has a 50 day moving average price of $3.93.

Several institutional investors and hedge funds have recently bought and sold shares of BLDP. First Trust Advisors LP grew its holdings in Ballard Power Systems by 3.8% during the first quarter. First Trust Advisors LP now owns 225,723 shares of the technology company’s stock valued at $679,000 after purchasing an additional 8,275 shares during the period. Alps Advisors Inc. grew its holdings in Ballard Power Systems by 57.4% during the first quarter. Alps Advisors Inc. now owns 126,222 shares of the technology company’s stock valued at $380,000 after purchasing an additional 46,046 shares during the period. Millennium Management LLC acquired a new position in Ballard Power Systems during the fourth quarter valued at approximately $81,000. Toronto Dominion Bank grew its holdings in Ballard Power Systems by 87.6% during the first quarter. Toronto Dominion Bank now owns 32,737 shares of the technology company’s stock valued at $99,000 after purchasing an additional 15,286 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in Ballard Power Systems during the fourth quarter valued at approximately $54,000. 2.58% of the stock is owned by institutional investors and hedge funds.

About Ballard Power Systems

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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