-$0.02 EPS Expected for Ballard Power Systems Inc. (BLDP) This Quarter

Equities analysts forecast that Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) will post earnings per share of ($0.02) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Ballard Power Systems’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Ballard Power Systems also posted earnings of ($0.02) per share in the same quarter last year. The business is expected to issue its next earnings results on Monday, May 7th.

According to Zacks, analysts expect that Ballard Power Systems will report full-year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.07) to ($0.04). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.03) to $0.01. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last posted its earnings results on Wednesday, February 28th. The technology company reported ($0.01) EPS for the quarter. The firm had revenue of $40.30 million for the quarter, compared to analysts’ expectations of $34.43 million. Ballard Power Systems had a negative return on equity of 4.29% and a negative net margin of 6.61%.

BLDP has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Ballard Power Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. BidaskClub cut Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. B. Riley set a $6.00 price target on Ballard Power Systems and gave the stock a “buy” rating in a report on Friday, January 5th. Roth Capital set a $5.00 price target on Ballard Power Systems and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine cut Ballard Power Systems from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.88.

BLDP traded down $0.22 during trading on Monday, reaching $3.33. 1,151,992 shares of the stock were exchanged, compared to its average volume of 2,201,335. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.61. The company has a market cap of $632.19, a price-to-earnings ratio of -111.00 and a beta of 1.98. Ballard Power Systems has a 1 year low of $2.17 and a 1 year high of $5.93.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLDP. Bluestein R H & Co. raised its holdings in shares of Ballard Power Systems by 11.2% in the third quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock worth $1,090,000 after acquiring an additional 23,500 shares during the last quarter. PEAK6 Investments L.P. raised its holdings in shares of Ballard Power Systems by 556.3% in the third quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock worth $1,015,000 after acquiring an additional 183,921 shares during the last quarter. Jane Street Group LLC acquired a new position in Ballard Power Systems in the third quarter valued at $141,000. Bank of Montreal Can increased its stake in Ballard Power Systems by 26.2% in the fourth quarter. Bank of Montreal Can now owns 61,968 shares of the technology company’s stock valued at $273,000 after purchasing an additional 12,857 shares during the last quarter. Finally, Swiss National Bank acquired a new position in Ballard Power Systems in the fourth quarter valued at $1,197,000. 4.17% of the stock is owned by institutional investors.

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About Ballard Power Systems

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

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

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