Q2 2018 EPS Estimates for Ballard Power Systems (BLD) Lowered by B. Riley

Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) – Investment analysts at B. Riley lowered their Q2 2018 earnings per share estimates for shares of Ballard Power Systems in a research report issued on Thursday, May 3rd, according to Zacks Investment Research. B. Riley analyst C. Driscoll now expects that the company will earn ($0.04) per share for the quarter, down from their previous estimate of ($0.01). B. Riley also issued estimates for Ballard Power Systems’ Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.08) EPS and Q1 2019 earnings at ($0.01) EPS.

Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) last released its quarterly earnings results on Tuesday, May 1st. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.01). The company had revenue of C$25.41 million for the quarter, compared to analysts’ expectations of C$35.77 million. Ballard Power Systems had a negative return on equity of 3.42% and a negative net margin of 3.22%.

Ballard Power Systems stock traded up C$1.58 during mid-day trading on Monday, hitting C$76.49. 212,900 shares of the company were exchanged, compared to its average volume of 289,797. Ballard Power Systems has a 12-month low of C$49.61 and a 12-month high of C$82.26.

Ballard Power Systems Company Profile

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Get a free copy of the Zacks research report on Ballard Power Systems (BLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ballard Power Systems (TSE:BLD)

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply