Brokerages Anticipate Westport Fuel Systems Inc. (NASDAQ:WPRT) Will Post Earnings of -$0.06 Per Share

Analysts predict that Westport Fuel Systems Inc. (NASDAQ:WPRTGet Rating) (TSE:WPRT) will report earnings of ($0.06) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Westport Fuel Systems’ earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.02). Westport Fuel Systems posted earnings per share of $0.07 in the same quarter last year, which suggests a negative year-over-year growth rate of 185.7%. The business is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Westport Fuel Systems will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.03). For the next financial year, analysts forecast that the business will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.13) to $0.07. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRTGet Rating) (TSE:WPRT) last issued its quarterly earnings results on Friday, May 6th. The auto parts company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. Westport Fuel Systems had a net margin of 4.28% and a return on equity of 3.71%. The company had revenue of $76.54 million for the quarter, compared to the consensus estimate of $72.62 million. During the same quarter in the prior year, the company earned ($0.02) EPS. Westport Fuel Systems’s quarterly revenue was up .1% on a year-over-year basis.

Several research firms have commented on WPRT. Zacks Investment Research upgraded Westport Fuel Systems from a “strong sell” rating to a “hold” rating and set a $2.25 price objective on the stock in a research report on Thursday, January 13th. StockNews.com initiated coverage on Westport Fuel Systems in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, HC Wainwright decreased their target price on Westport Fuel Systems from $12.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th.

Hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC purchased a new position in Westport Fuel Systems in the 3rd quarter valued at $45,000. Renaissance Technologies LLC lifted its holdings in Westport Fuel Systems by 90.0% in the 3rd quarter. Renaissance Technologies LLC now owns 868,900 shares of the auto parts company’s stock valued at $2,858,000 after purchasing an additional 411,600 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Westport Fuel Systems in the 4th quarter valued at $52,000. Two Sigma Investments LP lifted its holdings in Westport Fuel Systems by 21.8% in the 3rd quarter. Two Sigma Investments LP now owns 2,524,376 shares of the auto parts company’s stock valued at $8,305,000 after purchasing an additional 451,858 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Westport Fuel Systems by 192.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 497,700 shares of the auto parts company’s stock worth $1,633,000 after acquiring an additional 327,600 shares during the last quarter. Institutional investors own 24.86% of the company’s stock.

Westport Fuel Systems stock opened at $1.04 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19. Westport Fuel Systems has a 12 month low of $1.00 and a 12 month high of $6.81. The stock’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $2.02. The firm has a market cap of $177.63 million, a PE ratio of 6.93 and a beta of 2.41.

Westport Fuel Systems Company Profile (Get Rating)

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities.

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