Zacks: Brokerages Expect Capstone Green Energy Co. (NASDAQ:CGRN) Will Announce Earnings of -$0.22 Per Share

Equities research analysts expect Capstone Green Energy Co. (NASDAQ:CGRN) to announce earnings per share of ($0.22) for the current quarter, according to Zacks. Two analysts have made estimates for Capstone Green Energy’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.26). Capstone Green Energy reported earnings per share of ($0.30) during the same quarter last year, which would suggest a positive year over year growth rate of 26.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 8th.

On average, analysts expect that Capstone Green Energy will report full-year earnings of ($1.05) per share for the current year, with EPS estimates ranging from ($1.23) to ($0.87). For the next year, analysts expect that the firm will post earnings of ($0.65) per share, with EPS estimates ranging from ($0.69) to ($0.60). Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Capstone Green Energy.

Capstone Green Energy (NASDAQ:CGRN) last released its quarterly earnings results on Wednesday, November 10th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.09). Capstone Green Energy had a negative net margin of 28.58% and a negative return on equity of 118.77%. During the same quarter last year, the business earned ($0.38) EPS.

Separately, Zacks Investment Research downgraded shares of Capstone Green Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16th.

NASDAQ CGRN traded up $0.21 during trading hours on Thursday, reaching $4.98. 67,387 shares of the company traded hands, compared to its average volume of 245,952. Capstone Green Energy has a 12 month low of $3.80 and a 12 month high of $15.28. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of $75.84 million, a PE ratio of -3.04 and a beta of 2.41. The company has a 50 day moving average of $5.30 and a two-hundred day moving average of $5.52.

In related news, CEO Darren Jamison acquired 5,475 shares of Capstone Green Energy stock in a transaction on Friday, November 19th. The shares were purchased at an average cost of $4.69 per share, for a total transaction of $25,677.75. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP bought a new position in shares of Capstone Green Energy in the 3rd quarter worth about $171,000. UBS Group AG bought a new position in shares of Capstone Green Energy in the 3rd quarter worth about $240,000. Millennium Management LLC bought a new position in shares of Capstone Green Energy in the 3rd quarter worth about $171,000. Morgan Stanley bought a new position in shares of Capstone Green Energy in the 3rd quarter worth about $69,000. Finally, Renaissance Technologies LLC bought a new stake in Capstone Green Energy in the 3rd quarter valued at about $1,209,000. Institutional investors own 19.26% of the company’s stock.

About Capstone Green Energy

Capstone Green Energy Corp. develops, manufactures, markets and services microturbine technology solutions. It targets vertical markets worldwide such as natural resources, energy efficiency, renewable energy, critical power supply, transportation, and microgrids. The firm’s products range from 30 kilowatts to one megawatt in electric power output for commercial, industrial, and utility purposes.

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