Wall Street analysts expect that Capstone Turbine Co. (NASDAQ:CPST) will announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Capstone Turbine’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.02). Capstone Turbine posted earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year-over-year growth rate of 55.6%. The business is scheduled to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Capstone Turbine will report full-year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.12). For the next financial year, analysts forecast that the company will post earnings of $0.02 per share, with EPS estimates ranging from $0.00 to $0.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Capstone Turbine.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Capstone Turbine had a negative net margin of 12.77% and a negative return on equity of 47.04%. The business had revenue of $21.19 million for the quarter, compared to analysts’ expectations of $20.85 million.

A number of research analysts have recently weighed in on CPST shares. Zacks Investment Research upgraded Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a report on Tuesday, May 22nd. ValuEngine upgraded Capstone Turbine from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Maxim Group started coverage on Capstone Turbine in a report on Wednesday, August 1st. They set a “buy” rating and a $2.50 price target on the stock. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the company a “buy” rating in a report on Monday, July 30th. Finally, Lake Street Capital assumed coverage on Capstone Turbine in a research note on Friday, June 15th. They issued a “buy” rating and a $3.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $2.21.

In other news, Director Robert C. Flexon bought 30,000 shares of the stock in a transaction on Tuesday, June 12th. The shares were purchased at an average price of $1.53 per share, for a total transaction of $45,900.00. Following the completion of the purchase, the director now directly owns 41,875 shares of the company’s stock, valued at approximately $64,068.75. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders acquired 49,655 shares of company stock worth $74,843 in the last 90 days. Corporate insiders own 1.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new stake in shares of Capstone Turbine in the fourth quarter worth about $111,000. Geode Capital Management LLC lifted its position in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares during the last quarter. Northern Trust Corp lifted its position in shares of Capstone Turbine by 116.5% in the first quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after buying an additional 83,002 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Capstone Turbine in the second quarter worth about $671,000. Finally, BlackRock Inc. lifted its position in shares of Capstone Turbine by 43.1% in the second quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock worth $706,000 after buying an additional 148,753 shares during the last quarter. Hedge funds and other institutional investors own 11.39% of the company’s stock.

Shares of Capstone Turbine traded down $0.03, reaching $1.30, on Tuesday, MarketBeat.com reports. 401,725 shares of the company’s stock traded hands, compared to its average volume of 626,809. Capstone Turbine has a 12-month low of $0.58 and a 12-month high of $1.90. The company has a market capitalization of $85.38 million, a price-to-earnings ratio of -6.50 and a beta of -0.01.

Capstone Turbine Company Profile

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.

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