Analysts predict that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will announce ($0.04) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Ballard Power Systems’ earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.03). Ballard Power Systems posted earnings per share of ($0.02) in the same quarter last year, which indicates a negative year over year growth rate of 100%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.

On average, analysts expect that Ballard Power Systems will report full year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.19) to ($0.13). For the next financial year, analysts forecast that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.10) to ($0.06). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $16.00 million for the quarter, compared to analyst estimates of $20.63 million. Ballard Power Systems had a negative return on equity of 14.37% and a negative net margin of 36.58%. The company’s revenue was down 20.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) earnings per share.

A number of brokerages have recently weighed in on BLDP. Roth Capital reissued a “sell” rating on shares of Ballard Power Systems in a report on Monday, July 1st. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, TheStreet lowered AMERCO from a “b” rating to a “c+” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Ballard Power Systems currently has an average rating of “Hold” and an average price target of $3.70.

Institutional investors and hedge funds have recently modified their holdings of the company. Candriam Luxembourg S.C.A. purchased a new stake in shares of Ballard Power Systems in the first quarter worth about $33,000. Jane Street Group LLC boosted its stake in shares of Ballard Power Systems by 57.3% in the fourth quarter. Jane Street Group LLC now owns 16,149 shares of the technology company’s stock worth $39,000 after buying an additional 5,882 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of Ballard Power Systems by 64.0% in the fourth quarter. Cetera Advisors LLC now owns 21,138 shares of the technology company’s stock worth $47,000 after buying an additional 8,248 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Ballard Power Systems in the fourth quarter worth about $54,000. Finally, Toronto Dominion Bank boosted its stake in shares of Ballard Power Systems by 87.6% in the first quarter. Toronto Dominion Bank now owns 32,737 shares of the technology company’s stock worth $99,000 after buying an additional 15,286 shares during the last quarter. Hedge funds and other institutional investors own 2.58% of the company’s stock.

Shares of BLDP stock remained flat at $$3.99 during mid-day trading on Friday. The stock had a trading volume of 518,610 shares, compared to its average volume of 804,263. The business has a fifty day moving average price of $3.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.67 and a current ratio of 5.35. The company has a market cap of $928.09 million, a P/E ratio of -30.69 and a beta of 1.78. Ballard Power Systems has a fifty-two week low of $2.25 and a fifty-two week high of $4.62.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.

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