Ballard Power Systems Inc. (NASDAQ:BLDP) Expected to Announce Earnings of -$0.06 Per Share

Analysts expect that Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) will announce ($0.06) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Ballard Power Systems’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.05). Ballard Power Systems reported earnings per share of ($0.05) in the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The company is scheduled to report its next earnings report on Thursday, November 4th.

On average, analysts expect that Ballard Power Systems will report full year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.21). For the next financial year, analysts anticipate that the company will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.25) to ($0.09). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its earnings results on Thursday, August 5th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Ballard Power Systems had a negative return on equity of 6.23% and a negative net margin of 68.18%. The company had revenue of $24.96 million during the quarter, compared to analyst estimates of $20.64 million.

A number of brokerages have issued reports on BLDP. Wolfe Research initiated coverage on Ballard Power Systems in a research note on Tuesday, August 31st. They issued an “underperform” rating and a $16.00 target price for the company. National Bankshares cut their price objective on Ballard Power Systems from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, August 9th. National Bank Financial cut their price objective on Ballard Power Systems from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, August 9th. COKER & PALMER reissued a “sector underperform” rating on shares of Ballard Power Systems in a research report on Tuesday, July 13th. Finally, Eight Capital reissued a “hold” rating and set a C$18.00 price objective on shares of Ballard Power Systems in a research report on Tuesday, September 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.07.

Shares of BLDP traded up $0.12 during midday trading on Thursday, reaching $15.18. The company had a trading volume of 157,210 shares, compared to its average volume of 5,090,719. Ballard Power Systems has a 1-year low of $12.80 and a 1-year high of $42.28. The stock has a market cap of $4.52 billion, a PE ratio of -65.48 and a beta of 1.40. The firm has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $18.30. The company has a quick ratio of 23.08, a current ratio of 23.77 and a debt-to-equity ratio of 0.01.

A number of hedge funds have recently bought and sold shares of BLDP. Northwestern Mutual Wealth Management Co. acquired a new position in Ballard Power Systems during the second quarter worth approximately $30,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Ballard Power Systems in the first quarter valued at approximately $32,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Ballard Power Systems in the second quarter valued at approximately $36,000. Itau Unibanco Holding S.A. acquired a new position in shares of Ballard Power Systems in the second quarter valued at approximately $41,000. Finally, Howe & Rusling Inc. acquired a new position in shares of Ballard Power Systems in the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 24.03% of the company’s stock.

About Ballard Power Systems

Ballard Power Systems, Inc engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.

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Earnings History and Estimates for Ballard Power Systems (NASDAQ:BLDP)

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