Analysts Anticipate Westport Fuel Systems Inc (WPRT) Will Post Earnings of -$0.05 Per Share

Wall Street analysts expect that Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) will post ($0.05) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Westport Fuel Systems’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.10). Westport Fuel Systems reported earnings of ($0.12) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 58.3%. The business is expected to report its next earnings report on Thursday, March 28th.

According to Zacks, analysts expect that Westport Fuel Systems will report full-year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.27) to ($0.21). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.17) to $0.16. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings data on Thursday, November 8th. The auto parts company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). Westport Fuel Systems had a negative return on equity of 40.56% and a negative net margin of 13.13%. The firm had revenue of $65.50 million during the quarter, compared to analyst estimates of $59.52 million. During the same period in the prior year, the business posted ($0.15) EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis.

WPRT has been the subject of a number of research reports. HC Wainwright initiated coverage on shares of Westport Fuel Systems in a research note on Thursday, September 20th. They set a “buy” rating and a $6.00 target price for the company. Zacks Investment Research lowered shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. Lake Street Capital lifted their target price on shares of Westport Fuel Systems from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, BidaskClub lowered shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Westport Fuel Systems has an average rating of “Hold” and a consensus target price of $4.60.

Several hedge funds have recently added to or reduced their stakes in WPRT. Oppenheimer & Co. Inc. bought a new position in Westport Fuel Systems in the 2nd quarter worth $151,000. Granite Investment Partners LLC bought a new position in shares of Westport Fuel Systems during the 2nd quarter worth about $342,000. Cortina Asset Management LLC increased its holdings in shares of Westport Fuel Systems by 20.6% during the 2nd quarter. Cortina Asset Management LLC now owns 1,928,576 shares of the auto parts company’s stock worth $4,879,000 after purchasing an additional 330,047 shares during the period. Paradigm Capital Management Inc. NY increased its holdings in shares of Westport Fuel Systems by 229.2% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 657,530 shares of the auto parts company’s stock worth $1,663,000 after purchasing an additional 457,780 shares during the period. Finally, Pembroke Management LTD increased its holdings in shares of Westport Fuel Systems by 40.5% during the 3rd quarter. Pembroke Management LTD now owns 5,187,500 shares of the auto parts company’s stock worth $19,920,000 after purchasing an additional 1,495,950 shares during the period. 24.55% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:WPRT traded up $0.05 during trading on Thursday, reaching $2.11. 253,891 shares of the company traded hands, compared to its average volume of 471,096. The firm has a market capitalization of $272.89 million, a P/E ratio of -4.80 and a beta of 2.38. Westport Fuel Systems has a 1-year low of $2.05 and a 1-year high of $4.33. The company has a quick ratio of 1.13, a current ratio of 1.55 and a debt-to-equity ratio of 0.40.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.

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