Analysts Anticipate Capstone Green Energy Co. (NASDAQ:CGRN) to Announce -$0.22 EPS

Analysts forecast that Capstone Green Energy Co. (NASDAQ:CGRN) will post earnings of ($0.22) per share for the current fiscal 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 posted earnings per share of ($0.30) during the same quarter last year, which indicates 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.

According to Zacks, 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 fiscal year, analysts anticipate that the business will report earnings of ($0.65) per share, with EPS estimates ranging from ($0.69) to ($0.60). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Capstone Green Energy.

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

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

CGRN stock traded up $0.21 during midday trading on Thursday, hitting $4.98. The company’s stock had a trading volume of 67,387 shares, compared to its average volume of 245,952. Capstone Green Energy has a 1 year low of $3.80 and a 1 year high of $15.28. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 3.40. The stock’s 50-day moving average price is $5.30 and its 200 day moving average price is $5.52. The stock has a market cap of $75.84 million, a price-to-earnings ratio of -3.04 and a beta of 2.41.

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

A number of hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP purchased a new stake in Capstone Green Energy in the 3rd quarter worth approximately $171,000. UBS Group AG purchased a new position in shares of Capstone Green Energy in the 3rd quarter valued at approximately $240,000. Millennium Management LLC purchased a new position in shares of Capstone Green Energy in the 3rd quarter valued at approximately $171,000. Morgan Stanley purchased a new position in shares of Capstone Green Energy in the 3rd quarter valued at approximately $69,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Capstone Green Energy in the 3rd quarter valued at approximately $1,209,000. Institutional investors own 19.26% of the company’s stock.

Capstone Green Energy Company Profile

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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