Hydrogenics Co. (HYGS) Expected to Announce Earnings of -$0.13 Per Share

Wall Street analysts expect that Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) will announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hydrogenics’ earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.11). Hydrogenics also posted earnings per share of ($0.13) during the same quarter last year. The business is scheduled to report its next quarterly earnings report on Friday, May 10th.

On average, analysts expect that Hydrogenics will report full-year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($0.58) to ($0.26). For the next financial year, analysts forecast that the company will post earnings of $0.12 per share, with EPS estimates ranging from $0.01 to $0.23. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Hydrogenics.

Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last posted its earnings results on Friday, March 15th. The energy company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The business had revenue of $10.48 million for the quarter, compared to the consensus estimate of $10.05 million. Hydrogenics had a negative net margin of 39.35% and a negative return on equity of 81.90%.

A number of brokerages have recently issued reports on HYGS. Zacks Investment Research downgraded shares of Hydrogenics from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. HC Wainwright lifted their price objective on shares of Hydrogenics from $7.50 to $9.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. ValuEngine downgraded shares of Hydrogenics from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Roth Capital downgraded shares of Hydrogenics from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research report on Wednesday, January 30th. Finally, Canaccord Genuity began coverage on shares of Hydrogenics in a research report on Wednesday, January 16th. They issued a “speculative buy” rating and a $8.75 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.56.

An institutional investor recently bought a new position in Hydrogenics stock. Renaissance Technologies LLC acquired a new position in Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,300 shares of the energy company’s stock, valued at approximately $133,000. Renaissance Technologies LLC owned about 0.12% of Hydrogenics as of its most recent SEC filing. Institutional investors and hedge funds own 16.45% of the company’s stock.

NASDAQ HYGS opened at $8.30 on Friday. The stock has a market cap of $155.68 million, a price-to-earnings ratio of -9.65 and a beta of 0.83. Hydrogenics has a one year low of $3.80 and a one year high of $9.10.

Hydrogenics Company Profile

Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. It operates in two segments, OnSite Generation and Power Systems. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.

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