Brokerages Anticipate Ballard Power Systems Inc (NASDAQ:BLDP) to Post -$0.05 Earnings Per Share

Equities analysts expect that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will post earnings per share (EPS) of ($0.05) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ballard Power Systems’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.04). Ballard Power Systems posted earnings per share of ($0.03) in the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The company is scheduled to issue its next earnings results on Wednesday, July 29th.

On average, analysts expect that Ballard Power Systems will report full year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.16). For the next year, analysts expect that the firm will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.15) to ($0.01). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Ballard Power Systems had a negative return on equity of 15.28% and a negative net margin of 35.47%. The firm had revenue of $24.00 million for the quarter, compared to the consensus estimate of $26.00 million.

A number of brokerages have weighed in on BLDP. Lake Street Capital lifted their price target on shares of Ballard Power Systems from $6.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, March 6th. BidaskClub raised shares of Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Roth Capital raised shares of Ballard Power Systems from a “sell” rating to a “neutral” rating and lifted their price target for the company from $3.00 to $11.00 in a research note on Friday, March 6th. HC Wainwright reaffirmed a “buy” rating and issued a $16.00 price target on shares of Ballard Power Systems in a research note on Thursday, May 7th. Finally, ValuEngine lowered shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $11.56.

BLDP traded up $0.47 during trading on Thursday, reaching $11.95. The company had a trading volume of 3,155,316 shares, compared to its average volume of 3,408,889. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.43 and a quick ratio of 3.89. Ballard Power Systems has a 12 month low of $3.44 and a 12 month high of $14.20. The business’s fifty day moving average price is $10.05 and its 200 day moving average price is $9.02. The company has a market cap of $2.67 billion, a P/E ratio of -70.26 and a beta of 1.57.

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its position in shares of Ballard Power Systems by 46.8% in the first quarter. Morgan Stanley now owns 2,575,291 shares of the technology company’s stock worth $19,598,000 after purchasing an additional 820,608 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Ballard Power Systems in the first quarter worth $157,000. Voloridge Investment Management LLC bought a new stake in shares of Ballard Power Systems in the first quarter worth $903,000. Advisor Group Holdings Inc. bought a new stake in shares of Ballard Power Systems in the first quarter worth $275,000. Finally, Paloma Partners Management Co increased its holdings in Ballard Power Systems by 37.9% during the first quarter. Paloma Partners Management Co now owns 31,619 shares of the technology company’s stock worth $240,000 after buying an additional 8,691 shares during the last quarter. 6.60% of the stock is currently owned by institutional investors and hedge funds.

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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