Capstone Turbine Corporation (CPST) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Capstone Turbine Corporation (NASDAQ:CPST) posted its earnings results on Thursday. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01), Bloomberg Earnings reports. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The firm had revenue of $19.80 million during the quarter, compared to analyst estimates of $20.23 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The business’s revenue for the quarter was up 32.0% on a year-over-year basis.

Several research firms recently issued reports on CPST. HC Wainwright set a $2.00 target price on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Friday, October 20th. Oppenheimer Holdings, Inc. upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. CIBC raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Roth Capital set a $1.00 price target on shares of Capstone Turbine Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1.58.

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About Capstone Turbine Corporation

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.

Earnings History for Capstone Turbine Corporation (NASDAQ:CPST)

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