Ballard Power Systems, Inc. (BLDP) Expected to Post Quarterly Sales of $32.40 Million

Equities research analysts expect Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) to post sales of $32.40 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ballard Power Systems’ earnings, with the highest sales estimate coming in at $34.00 million and the lowest estimate coming in at $30.70 million. Ballard Power Systems posted sales of $30.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The company is scheduled to announce its next earnings results on Wednesday, March 7th.

On average, analysts expect that Ballard Power Systems will report full-year sales of $32.40 million for the current year, with estimates ranging from $111.80 million to $115.00 million. For the next financial year, analysts expect that the firm will report sales of $131.27 million per share, with estimates ranging from $125.50 million to $134.60 million. Zacks’ sales averages are an average based on a survey of analysts that cover Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $31.90 million for the quarter, compared to the consensus estimate of $28.33 million. Ballard Power Systems had a negative net margin of 5.57% and a negative return on equity of 4.36%. The business’s quarterly revenue was up 54.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS.

Several brokerages recently commented on BLDP. Cowen and Company reiterated a “hold” rating and issued a $4.50 target price on shares of Ballard Power Systems in a report on Tuesday, October 17th. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Ballard Power Systems in a report on Friday, November 3rd. B. Riley set a $6.00 target price on shares of Ballard Power Systems and gave the stock a “buy” rating in a report on Tuesday. FBR & Co reiterated a “buy” rating and issued a $6.00 target price (up previously from $3.50) on shares of Ballard Power Systems in a report on Monday, September 18th. Finally, Zacks Investment Research downgraded shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.50.

Ballard Power Systems (NASDAQ:BLDP) opened at $4.67 on Friday. Ballard Power Systems has a twelve month low of $1.61 and a twelve month high of $5.93. The company has a quick ratio of 2.17, a current ratio of 2.70 and a debt-to-equity ratio of 0.05.

ILLEGAL ACTIVITY NOTICE: “Ballard Power Systems, Inc. (BLDP) Expected to Post Quarterly Sales of $32.40 Million” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/18/ballard-power-systems-inc-bldp-expected-to-post-quarterly-sales-of-32-40-million.html.

Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ballard Power Systems during the 2nd quarter valued at about $105,000. First Manhattan Co. acquired a new position in Ballard Power Systems in the third quarter valued at about $126,000. Jane Street Group LLC acquired a new position in Ballard Power Systems in the third quarter valued at about $141,000. Renaissance Technologies LLC boosted its position in Ballard Power Systems by 483.1% in the first quarter. Renaissance Technologies LLC now owns 165,600 shares of the technology company’s stock valued at $368,000 after buying an additional 137,200 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Ballard Power Systems by 16.9% in the second quarter. First Trust Advisors LP now owns 181,943 shares of the technology company’s stock valued at $528,000 after buying an additional 26,314 shares in the last quarter. Institutional investors and hedge funds own 2.78% of the company’s stock.

About Ballard Power Systems

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Get a free copy of the Zacks research report on Ballard Power Systems (BLDP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ballard Power Systems (NASDAQ:BLDP)

Receive News & Ratings for Ballard Power Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply