Zacks: Analysts Expect Capstone Green Energy Co. (NASDAQ:CGRN) Will Post Earnings of -$0.20 Per Share

Equities research analysts predict that Capstone Green Energy Co. (NASDAQ:CGRN) will announce earnings of ($0.20) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Capstone Green Energy’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.15). Capstone Green Energy reported earnings per share of ($0.38) in the same quarter last year, which suggests a positive year-over-year growth rate of 47.4%. The business is expected to announce its next quarterly earnings report on Tuesday, November 9th.

On average, analysts expect that Capstone Green Energy will report full year earnings of ($0.63) per share for the current year, with EPS estimates ranging from ($0.67) to ($0.57). For the next financial year, analysts anticipate that the firm will post earnings of ($0.28) per share, with EPS estimates ranging from ($0.53) to ($0.03). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Capstone Green Energy.

Capstone Green Energy (NASDAQ:CGRN) last posted its quarterly earnings results on Tuesday, August 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.04). The company had revenue of $16.08 million during the quarter, compared to analysts’ expectations of $18.84 million. Capstone Green Energy had a negative return on equity of 123.66% and a negative net margin of 26.96%.

CGRN has been the topic of several research analyst reports. HC Wainwright restated a “buy” rating on shares of Capstone Green Energy in a research note on Tuesday, June 1st. Zacks Investment Research downgraded shares of Capstone Green Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 19th.

In other Capstone Green Energy news, CEO Darren Jamison acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 8th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $31,125.00. Following the transaction, the chief executive officer now owns 161,706 shares of the company’s stock, valued at $671,079.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 9,846 shares of company stock valued at $40,543 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Shares of NASDAQ:CGRN traded up $0.13 during trading on Friday, reaching $4.53. The stock had a trading volume of 524 shares, compared to its average volume of 272,989. Capstone Green Energy has a 52 week low of $3.66 and a 52 week high of $15.28. The stock has a market capitalization of $68.54 million, a price-to-earnings ratio of -2.72 and a beta of 2.57. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.68 and a quick ratio of 2.25. The firm’s fifty day moving average is $4.56.

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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