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

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) is scheduled to post its quarterly earnings results 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 listening to the company’s conference call can do so using this link.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its 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 firm had revenue of $46.80 million during the quarter, compared to analysts’ expectations of $26.32 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The business’s revenue for the quarter 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 Up 2.9 %

Ballard Power Systems stock opened at $2.81 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.60 and a current ratio of 12.25. The stock has a market cap of $841.00 million, a PE ratio of -4.76 and a beta of 1.65. Ballard Power Systems has a fifty-two week low of $2.42 and a fifty-two week high of $5.68. The firm’s 50-day simple moving average is $2.90 and its 200 day simple moving average is $3.25.

Wall Street Analyst Weigh In

BLDP has been the subject of several recent analyst reports. Piper Sandler reduced their target price on Ballard Power Systems from $3.00 to $2.30 and set an “underweight” rating for the company in a report on Wednesday, March 13th. TD Securities lowered their target price on Ballard Power Systems from $3.00 to $2.50 in a research note on Thursday, April 25th. Jefferies Financial Group cut 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. Citigroup decreased their price objective on shares of Ballard Power Systems from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Finally, Raymond James dropped their target price on shares of Ballard Power Systems from $4.50 to $4.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.94.

Ballard Power Systems Company Profile

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.