Ballard Power Systems (BLDP) Scheduled to Post Quarterly Earnings on Tuesday

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) will release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Ballard Power Systems to post earnings of ($0.13) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings results on Monday, August 12th. The technology company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The company had revenue of $16.00 million during the quarter, compared to analysts’ expectations of $19.36 million. Ballard Power Systems had a negative return on equity of 16.20% and a negative net margin of 177.95%. Ballard Power Systems’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. On average, analysts expect Ballard Power Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ballard Power Systems Price Performance

Shares of NASDAQ BLDP opened at $1.62 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.90 and a quick ratio of 10.05. The firm’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $2.24. Ballard Power Systems has a 12 month low of $1.52 and a 12 month high of $4.02. The stock has a market capitalization of $485.06 million, a price-to-earnings ratio of -2.57 and a beta of 1.78.

Analyst Ratings Changes

A number of research analysts have weighed in on BLDP shares. Wells Fargo & Company decreased their price objective on shares of Ballard Power Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, August 13th. Truist Financial decreased their target price on Ballard Power Systems from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Jefferies Financial Group cut their price target on shares of Ballard Power Systems from $3.25 to $2.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Raymond James cut their target price on shares of Ballard Power Systems from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. Finally, CIBC reaffirmed an “underperformer” rating and issued a $1.60 price target (down from $3.50) on shares of Ballard Power Systems in a research note on Tuesday, August 13th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Ballard Power Systems currently has a consensus rating of “Hold” and an average target price of $2.89.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.