Capstone Turbine Corporation (CPST) Expected to Post Q1 2018 Earnings of ($0.07) Per Share

Capstone Turbine Corporation (NASDAQ:CPST) – Stock analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for Capstone Turbine Corporation in a report issued on Wednesday. Oppenheimer Holdings analyst C. Rusch expects that the industrial products company will earn ($0.07) per share for the quarter. Oppenheimer Holdings also issued estimates for Capstone Turbine Corporation’s Q2 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.02) EPS and FY2018 earnings at ($0.19) EPS.

Several other equities analysts have also recently issued reports on CPST. Roth Capital set a $1.00 target price on shares of Capstone Turbine Corporation and gave the company a “hold” rating in a research note on Monday, March 20th. Zacks Investment Research cut shares of Capstone Turbine Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. ValuEngine cut shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, HC Wainwright set a $2.00 target price on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Wednesday.

Earnings History and Estimates for Capstone Turbine Corporation (NASDAQ:CPST)

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Shares of Capstone Turbine Corporation (NASDAQ CPST) opened at 0.69 on Friday. Capstone Turbine Corporation has a 12 month low of $0.61 and a 12 month high of $1.97. The firm has a 50-day moving average of $0.67 and a 200 day moving average of $0.75. The company’s market cap is $28.65 million.

Capstone Turbine Corporation (NASDAQ:CPST) last announced its quarterly earnings data on Tuesday, June 13th. The industrial products company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.02. The company had revenue of $22.90 million during the quarter, compared to the consensus estimate of $22 million. Capstone Turbine Corporation had a negative return on equity of 102.29% and a negative net margin of 31.00%. The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) EPS.

Several institutional investors have recently modified their holdings of CPST. Renaissance Technologies LLC boosted its position in shares of Capstone Turbine Corporation by 9.0% in the first quarter. Renaissance Technologies LLC now owns 825,509 shares of the industrial products company’s stock valued at $632,000 after buying an additional 68,400 shares during the period. Vanguard Group Inc. boosted its position in shares of Capstone Turbine Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 926,602 shares of the industrial products company’s stock valued at $709,000 after buying an additional 80,052 shares during the period. Wedbush Securities Inc. boosted its position in shares of Capstone Turbine Corporation by 17.3% in the first quarter. Wedbush Securities Inc. now owns 177,664 shares of the industrial products company’s stock valued at $136,000 after buying an additional 26,189 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Capstone Turbine Corporation during the fourth quarter valued at $809,000. Finally, Ancora Advisors LLC boosted its position in shares of Capstone Turbine Corporation by 30.0% in the fourth quarter. Ancora Advisors LLC now owns 195,000 shares of the industrial products company’s stock valued at $133,000 after buying an additional 45,000 shares during the period. Hedge funds and other institutional investors own 17.83% of the company’s stock.

Capstone Turbine Corporation Company Profile

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.

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