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

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Equities research analysts expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to report ($0.02) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ballard Power Systems’ earnings. Ballard Power Systems posted earnings of ($0.04) per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The firm is expected to announce its next earnings report on Wednesday, March 4th.

According to Zacks, analysts expect that Ballard Power Systems will report full year earnings of ($0.13) per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.04). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $24.79 million for the quarter, compared to analysts’ expectations of $25.60 million. Ballard Power Systems had a negative net margin of 43.31% and a negative return on equity of 12.56%.

Several research analysts have recently issued reports on BLDP shares. ValuEngine upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating in a report on Friday. Lake Street Capital raised their target price on shares of Ballard Power Systems from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Friday. BidaskClub cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Friday. HC Wainwright cut shares of Ballard Power Systems from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Zacks Investment Research cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.65.

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Ballard Power Systems by 13.4% in the second quarter. Invesco Ltd. now owns 1,312,682 shares of the technology company’s stock worth $5,356,000 after purchasing an additional 155,281 shares during the last quarter. Morgan Stanley lifted its stake in Ballard Power Systems by 3.5% in the second quarter. Morgan Stanley now owns 1,048,957 shares of the technology company’s stock worth $4,280,000 after acquiring an additional 35,133 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in Ballard Power Systems by 32.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 415,907 shares of the technology company’s stock worth $2,034,000 after acquiring an additional 101,320 shares during the period. Swiss National Bank lifted its stake in Ballard Power Systems by 17.5% in the second quarter. Swiss National Bank now owns 347,300 shares of the technology company’s stock worth $1,419,000 after acquiring an additional 51,600 shares during the period. Finally, Alps Advisors Inc. lifted its stake in Ballard Power Systems by 100.1% in the second quarter. Alps Advisors Inc. now owns 252,543 shares of the technology company’s stock worth $1,030,000 after acquiring an additional 126,321 shares during the period. Hedge funds and other institutional investors own 3.02% of the company’s stock.

NASDAQ BLDP traded up $0.12 during trading on Friday, hitting $5.64. 1,225,100 shares of the company’s stock traded hands, compared to its average volume of 1,374,577. Ballard Power Systems has a 12-month low of $2.25 and a 12-month high of $6.13. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.85 and a current ratio of 4.40. The business has a 50 day moving average of $5.34 and a 200-day moving average of $4.32. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -43.38 and a beta of 1.79.

Ballard Power Systems Company Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.

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