Brokerages expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to post earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ballard Power Systems’ earnings. The lowest EPS estimate is ($0.03) and the highest is ($0.01). Ballard Power Systems reported earnings per share of ($0.01) during the same quarter last year, which indicates a negative year over year growth rate of 100%. The firm is scheduled to announce its next earnings results on Wednesday, November 7th.

On average, analysts expect that Ballard Power Systems will report full-year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to ($0.06). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.01 per share, with EPS estimates ranging from ($0.03) to $0.05. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Ballard Power Systems.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Ballard Power Systems had a negative return on equity of 9.99% and a negative net margin of 11.58%. The business had revenue of $26.45 million for the quarter, compared to analysts’ expectations of $23.33 million.

A number of equities research analysts have recently commented on the company. BidaskClub upgraded Ballard Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday. HC Wainwright set a $6.00 price objective on Ballard Power Systems and gave the stock a “buy” rating in a report on Wednesday, September 19th. B. Riley set a $5.00 price objective on Ballard Power Systems and gave the stock a “buy” rating in a report on Tuesday, September 4th. ValuEngine raised Ballard Power Systems from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Zacks Investment Research lowered Ballard Power Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $4.58.

NASDAQ BLDP opened at $4.19 on Friday. The firm has a market cap of $779.59 million, a PE ratio of -139.67 and a beta of 1.69. Ballard Power Systems has a one year low of $2.57 and a one year high of $5.93. The company has a current ratio of 2.64, a quick ratio of 1.83 and a debt-to-equity ratio of 0.05.

A number of institutional investors and hedge funds have recently made changes to their positions in BLDP. Global X Management Co LLC purchased a new stake in Ballard Power Systems in the 2nd quarter worth about $231,000. Commerzbank Aktiengesellschaft FI grew its holdings in Ballard Power Systems by 49.5% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 92,640 shares of the technology company’s stock valued at $264,000 after buying an additional 30,694 shares in the last quarter. KBC Group NV grew its holdings in Ballard Power Systems by 104.8% during the 1st quarter. KBC Group NV now owns 92,841 shares of the technology company’s stock valued at $330,000 after buying an additional 47,515 shares in the last quarter. Royal Bank of Canada grew its holdings in Ballard Power Systems by 38.8% during the 1st quarter. Royal Bank of Canada now owns 140,805 shares of the technology company’s stock valued at $500,000 after buying an additional 39,370 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. grew its holdings in Ballard Power Systems by 16.6% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 140,410 shares of the technology company’s stock valued at $500,000 after buying an additional 20,000 shares in the last quarter. 3.78% of the stock is owned by institutional investors.

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 worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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