Ballard Power Systems (BLDP) Set to Announce Quarterly Earnings on Tuesday

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Ballard Power Systems to post earnings of ($0.13) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings results on Monday, March 11th. The technology company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.04). Ballard Power Systems had a negative net margin of 172.63% and a negative return on equity of 14.06%. The business had revenue of $46.80 million during the quarter, compared to analyst estimates of $26.32 million. During the same quarter last year, the company posted ($0.12) earnings per share. The company’s revenue was up 131.7% on a year-over-year basis. On average, analysts expect Ballard Power Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ballard Power Systems Stock Performance

Shares of NASDAQ:BLDP opened at $2.81 on Friday. Ballard Power Systems has a 12-month low of $2.42 and a 12-month high of $5.68. The company’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $3.25. The firm has a market cap of $841.00 million, a PE ratio of -4.76 and a beta of 1.65. The company has a quick ratio of 11.60, a current ratio of 12.25 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Ballard Power Systems from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Piper Sandler reduced their target price on Ballard Power Systems from $3.00 to $2.30 and set an “underweight” rating on the stock in a report on Wednesday, March 13th. Raymond James lowered their price target on Ballard Power Systems from $4.50 to $4.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Jefferies Financial Group dropped their price objective on Ballard Power Systems from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Tuesday, January 30th. Finally, TD Securities decreased their target price on Ballard Power Systems from $3.00 to $2.50 in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.94.

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.