Brokerages Expect Ballard Power Systems Inc. (NASDAQ:BLDP) to Announce -$0.12 EPS

Equities research analysts expect that Ballard Power Systems Inc. (NASDAQ:BLDP – Get Rating) (TSE:BLD) will report earnings per share of ($0.12) for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Ballard Power Systems’ earnings, with estimates ranging from ($0.15) to ($0.10). Ballard Power Systems posted earnings per share of ($0.07) during the same quarter last year, which indicates a negative year-over-year growth rate of 71.4%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Ballard Power Systems will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.67) to ($0.46). For the next financial year, analysts anticipate that the firm will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.53) to ($0.28). 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 – Get Rating) (TSE:BLD) last posted its quarterly earnings data on Monday, May 9th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Ballard Power Systems had a negative return on equity of 10.21% and a negative net margin of 126.91%. The firm had revenue of $21.00 million during the quarter, compared to analyst estimates of $24.88 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis.

BLDP has been the topic of several research analyst reports. B. Riley lowered their price objective on Ballard Power Systems from $15.00 to $12.00 in a report on Tuesday, May 10th. National Bank Financial lowered their target price on Ballard Power Systems from $20.00 to $14.00 and set an “outperform” rating on the stock in a report on Tuesday, March 15th. National Bankshares lowered their target price on Ballard Power Systems from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, May 10th. Citigroup lowered their target price on Ballard Power Systems from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 16th. Finally, BMO Capital Markets cut Ballard Power Systems from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $23.00 to $10.00 in a report on Monday, February 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ballard Power Systems presently has a consensus rating of “Hold” and an average target price of $13.36.

BLDP stock opened at $6.59 on Friday. The company has a current ratio of 15.36, a quick ratio of 14.61 and a debt-to-equity ratio of 0.01. Ballard Power Systems has a 12-month low of $5.80 and a 12-month high of $19.66. The business’s 50-day moving average is $10.02 and its 200 day moving average is $11.69.

Several institutional investors have recently bought and sold shares of BLDP. BlackRock Inc. increased its position in shares of Ballard Power Systems by 918.3% during the third quarter. BlackRock Inc. now owns 5,784,250 shares of the technology company’s stock worth $81,268,000 after acquiring an additional 5,216,236 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Ballard Power Systems during the first quarter worth $25,988,000. Norges Bank acquired a new position in shares of Ballard Power Systems during the fourth quarter worth $26,666,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ballard Power Systems by 154.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,102,655 shares of the technology company’s stock worth $26,414,000 after purchasing an additional 1,275,124 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Ballard Power Systems by 291.3% during the third quarter. Allianz Asset Management GmbH now owns 1,668,379 shares of the technology company’s stock worth $23,414,000 after purchasing an additional 1,242,000 shares in the last quarter. 35.47% of the stock is currently owned by institutional investors and hedge funds.

Ballard Power Systems Company Profile (Get Rating)

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.

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