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

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Parties that are 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 data 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 analysts’ expectations of $26.32 million. During the same period last year, the company earned ($0.12) earnings per share. The firm’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 Price Performance

NASDAQ:BLDP opened at $2.69 on Tuesday. The firm’s fifty day moving average is $2.92 and its two-hundred day moving average is $3.27. The firm has a market cap of $805.09 million, a price-to-earnings ratio of -4.56 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.60 and a current ratio of 12.25. Ballard Power Systems has a one year low of $2.42 and a one year high of $5.68.

Wall Street Analyst Weigh In

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