Equities Analysts Issue Forecasts for Capstone Turbine Corporation’s Q3 2018 Earnings (CPST)

Capstone Turbine Corporation (NASDAQ:CPST) – Investment analysts at Oppenheimer Holdings issued their Q3 2018 earnings per share (EPS) estimates for Capstone Turbine Corporation in a report issued on Wednesday. Oppenheimer Holdings analyst C. Rusch anticipates that the industrial products company will earn ($0.05) per share for the quarter.

A number of other research firms have also recently commented on CPST. ValuEngine cut shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. HC Wainwright set a $2.00 target price on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a research note on Wednesday. Roth Capital set a $1.00 target price on shares of Capstone Turbine Corporation and gave the stock a “hold” rating in a research note on Monday, March 20th. Finally, Zacks Investment Research upgraded shares of Capstone Turbine Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th.

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

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Capstone Turbine Corporation (CPST) opened at 0.69 on Thursday. Capstone Turbine Corporation has a 52 week low of $0.61 and a 52 week high of $1.97. The company’s 50-day moving average is $0.67 and its 200 day moving average is $0.75. The stock’s market cap is $28.65 million.

Capstone Turbine Corporation (NASDAQ:CPST) last issued 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 firm had revenue of $22.90 million for the quarter, compared to analysts’ expectations of $22 million. Capstone Turbine Corporation had a negative net margin of 31.00% and a negative return on equity of 102.29%. Capstone Turbine Corporation’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.

A number of large investors have recently made changes to their positions in the stock. Wedbush Securities Inc. raised its stake 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 worth $136,000 after buying an additional 26,189 shares during the period. Ancora Advisors LLC raised its stake 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 worth $133,000 after buying an additional 45,000 shares during the period. Renaissance Technologies LLC raised its stake in shares of Capstone Turbine Corporation by 62.7% in the fourth quarter. Renaissance Technologies LLC now owns 757,109 shares of the industrial products company’s stock worth $515,000 after buying an additional 291,800 shares during the period. Vanguard Group Inc. raised its stake 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 worth $709,000 after buying an additional 80,052 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Capstone Turbine Corporation during the fourth quarter worth about $809,000. 17.83% of the stock is owned by institutional investors and hedge funds.

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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