Analysts Anticipate Ballard Power Systems Inc (BLDP) to Announce -$0.02 EPS

Equities research analysts expect that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will report earnings per share of ($0.02) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Ballard Power Systems’ earnings, with estimates ranging from ($0.03) to ($0.02). Ballard Power Systems posted earnings per share of ($0.01) during the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 27th.

On average, analysts expect that Ballard Power Systems will report full-year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.10). For the next financial year, analysts anticipate that the firm will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.11) to ($0.01). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). Ballard Power Systems had a negative return on equity of 14.64% and a negative net margin of 17.29%. The firm had revenue of $21.57 million during the quarter, compared to the consensus estimate of $31.27 million.

A number of research firms have weighed in on BLDP. Zacks Investment Research upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Wednesday, August 8th. BidaskClub cut shares of Ballard Power Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. HC Wainwright set a $6.00 target price on shares of Ballard Power Systems and gave the company a “buy” rating in a research note on Thursday, August 30th. B. Riley set a $5.00 price target on shares of Ballard Power Systems and gave the company a “buy” rating in a research note on Tuesday, September 4th. Finally, ValuEngine upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.70.

BLDP stock remained flat at $$2.98 during trading on Friday. 293,108 shares of the company’s stock were exchanged, compared to its average volume of 786,210. Ballard Power Systems has a twelve month low of $2.57 and a twelve month high of $5.05. The company has a quick ratio of 1.62, a current ratio of 2.52 and a debt-to-equity ratio of 0.05. The company has a market cap of $536.34 million, a P/E ratio of -99.33 and a beta of 1.89.

Hedge funds have recently made changes to their positions in the stock. HRT Financial LLC purchased a new stake in shares of Ballard Power Systems during the 3rd quarter valued at approximately $132,000. CIBC World Markets Inc. purchased a new stake in shares of Ballard Power Systems during the 3rd quarter valued at approximately $174,000. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Ballard Power Systems during the 3rd quarter valued at approximately $215,000. Global X Management Co LLC purchased a new stake in shares of Ballard Power Systems during the 2nd quarter valued at approximately $231,000. Finally, Virtu Financial LLC lifted its stake in shares of Ballard Power Systems by 324.2% during the 3rd quarter. Virtu Financial LLC now owns 46,846 shares of the technology company’s stock valued at $231,000 after buying an additional 35,802 shares in the last quarter. Institutional investors own 3.40% of the company’s stock.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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