Ballard Power Systems Whiffs on Revenues
Ballard Power Systems (NAS: BLDP) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Ballard Power Systems whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share dropped.
Margins improved across the board.
Ballard Power Systems notched revenue of $13.5 million. The two analysts polled by S&P Capital IQ expected revenue of $16.1 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $15.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.10. The two earnings estimates compiled by S&P Capital IQ averaged -$0.06 per share. GAAP EPS were -$0.10 for Q1 versus -$0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.3%, 600 basis points better than the prior-year quarter. Operating margin was -62.1%, 550 basis points better than the prior-year quarter. Net margin was -62.3%, 440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $20.5 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $102.7 million. The average EPS estimate is -$0.19.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 260 members rating the stock outperform and 106 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Ballard Power Systems a green thumbs-up, and 48 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ballard Power Systems is outperform, with an average price target of $2.38.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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