Capstone Turbine Corporation (CPST) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Capstone Turbine Corporation (NASDAQ:CPST) announced its earnings results on Wednesday. The industrial products company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02, Bloomberg Earnings reports. The firm had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.20 million. Capstone Turbine Corporation had a negative net margin of 31.00% and a negative return on equity of 102.29%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS.
Capstone Turbine Corporation (NASDAQ CPST) traded down 2.36% on Wednesday, hitting $0.62. 75,796 shares of the stock traded hands. The firm’s 50 day moving average is $0.69 and its 200 day moving average is $0.72. The stock’s market cap is $25.75 million. Capstone Turbine Corporation has a 52 week low of $0.61 and a 52 week high of $1.97.
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Several brokerages recently commented on CPST. Zacks Investment Research downgraded shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. HC Wainwright set a $2.00 target price on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine downgraded shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
Capstone Turbine Corporation Company Profile
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.
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