Brokerages Expect Ballard Power Systems Inc (BLDP) Will Post Earnings of -$0.02 Per Share

Wall Street analysts expect that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will report earnings per share (EPS) of ($0.02) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ballard Power Systems’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.01). Ballard Power Systems reported earnings per share of ($0.01) in the same quarter last year, which suggests a negative year-over-year growth rate of 100%. The company is scheduled to announce its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Ballard Power Systems will report full year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.09) to ($0.06). For the next financial year, analysts expect that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.03) to $0.05. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Ballard Power Systems had a negative net margin of 11.58% and a negative return on equity of 9.99%. The business had revenue of $26.45 million during the quarter, compared to analysts’ expectations of $23.33 million.

A number of equities analysts have commented on BLDP shares. ValuEngine raised shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. BidaskClub raised shares of Ballard Power Systems from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. HC Wainwright set a $6.00 price objective on shares of Ballard Power Systems and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, B. Riley set a $5.00 price objective on shares of Ballard Power Systems and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $4.75.

Several large investors have recently modified their holdings of BLDP. Global X Management Co LLC purchased a new position in shares of Ballard Power Systems during the 2nd quarter worth about $231,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Ballard Power Systems by 49.5% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 92,640 shares of the technology company’s stock worth $264,000 after purchasing an additional 30,694 shares during the period. Royal Bank of Canada boosted its stake in shares of Ballard Power Systems by 38.8% during the 1st quarter. Royal Bank of Canada now owns 140,805 shares of the technology company’s stock worth $500,000 after purchasing an additional 39,370 shares during the period. Finally, Herald Investment Management Ltd boosted its stake in shares of Ballard Power Systems by 102.5% during the 2nd quarter. Herald Investment Management Ltd now owns 640,000 shares of the technology company’s stock worth $1,817,000 after purchasing an additional 324,000 shares during the period. 3.78% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:BLDP opened at $4.14 on Tuesday. Ballard Power Systems has a 52 week low of $2.57 and a 52 week high of $5.93. The firm has a market capitalization of $768.87 million, a price-to-earnings ratio of -138.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.64 and a quick ratio of 1.83.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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

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