-$0.06 EPS Expected for Capstone Turbine Corporation (CPST) This Quarter
Wall Street brokerages predict that Capstone Turbine Corporation (NASDAQ:CPST) will post earnings per share of ($0.06) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Capstone Turbine Corporation’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.03). Capstone Turbine Corporation reported earnings of ($0.33) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 81.8%. The business is expected to announce its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Capstone Turbine Corporation will report full year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.35) to ($0.18). For the next financial year, analysts expect that the business will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.04). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Capstone Turbine Corporation.
Capstone Turbine Corporation (NASDAQ:CPST) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. Capstone Turbine Corporation had a negative return on equity of 117.63% and a negative net margin of 25.94%. Capstone Turbine Corporation’s revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) EPS.
Several research firms recently weighed in on CPST. HC Wainwright reiterated a “buy” rating and set a $2.00 price objective on shares of Capstone Turbine Corporation in a research note on Friday. Roth Capital set a $2.00 price objective on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a research note on Friday, October 27th. CIBC upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Oppenheimer Holdings, Inc. upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1.58.
Capstone Turbine Corporation (CPST) traded down $0.01 on Thursday, reaching $1.00. 687,393 shares of the company traded hands, compared to its average volume of 1,133,514. Capstone Turbine Corporation has a 52-week low of $0.58 and a 52-week high of $1.35.
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An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. raised its position in Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,714 shares of the industrial products company’s stock after purchasing an additional 28,050 shares during the quarter. Wedbush Securities Inc. owned about 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 13.45% of the company’s stock.
Capstone Turbine Corporation Company Profile
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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