Zacks: Brokerages Anticipate Capstone Turbine Corporation (CPST) Will Announce Earnings of -$0.06 Per Share
Wall Street analysts expect that Capstone Turbine Corporation (NASDAQ:CPST) will report ($0.06) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Capstone Turbine Corporation’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.08). Capstone Turbine Corporation reported earnings of ($0.33) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 81.8%. The business is scheduled to report its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that Capstone Turbine Corporation will report full-year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.18). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.04). Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $19.80 million for the quarter, compared to the consensus estimate of $20.23 million. Capstone Turbine Corporation had a negative return on equity of 120.37% and a negative net margin of 25.94%. Capstone Turbine Corporation’s revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share.
CPST has been the subject of a number of analyst reports. Roth Capital raised shares of Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $0.65 to $2.00 in a report on Monday, September 18th. CIBC raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine Corporation and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Oppenheimer Holdings, Inc. raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1.58.
An institutional investor recently raised its position in Capstone Turbine Corporation stock. Renaissance Technologies LLC increased its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 825,509 shares of the industrial products company’s stock after purchasing an additional 68,400 shares during the quarter. Renaissance Technologies LLC owned approximately 2.31% of Capstone Turbine Corporation worth $632,000 at the end of the most recent quarter. Institutional investors own 13.07% of the company’s stock.
Capstone Turbine Corporation (CPST) traded down $0.02 during trading hours on Thursday, hitting $0.89. 304,792 shares of the stock were exchanged, compared to its average volume of 1,240,000. Capstone Turbine Corporation has a one year low of $0.58 and a one year high of $1.35.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Capstone Turbine Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine Corporation and related stocks with our FREE daily email newsletter.