Brokerages expect Capstone Turbine Co. (NASDAQ:CPST) to report earnings per share of ($0.06) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Capstone Turbine’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.08). Capstone Turbine posted earnings of ($0.33) per share in the same quarter last year, which indicates a positive year over year growth rate of 81.8%. The business is expected to issue its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that Capstone Turbine 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 year, analysts expect that the firm will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.04). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Capstone Turbine.
Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $19.80 million during the quarter, compared to the consensus estimate of $20.23 million. Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the business posted ($0.19) earnings per share.
Several research analysts have commented on CPST shares. HC Wainwright set a $2.00 price target on shares of Capstone Turbine and gave the company a “buy” rating in a report on Wednesday, October 11th. Roth Capital set a $2.00 price target on shares of Capstone Turbine and gave the company a “buy” rating in a report on Friday, October 27th. CIBC raised shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Oppenheimer raised shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1.58.
Capstone Turbine (NASDAQ CPST) opened at $0.79 on Friday. Capstone Turbine has a fifty-two week low of $0.58 and a fifty-two week high of $1.35.
Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Capstone Turbine by 9.0% during the 1st quarter. Renaissance Technologies LLC now owns 825,509 shares of the industrial products company’s stock valued at $632,000 after buying an additional 68,400 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Capstone Turbine by 15.8% during the 2nd quarter. Wedbush Securities Inc. now owns 205,714 shares of the industrial products company’s stock valued at $140,000 after buying an additional 28,050 shares in the last quarter. Finally, GMT Capital Corp purchased a new stake in shares of Capstone Turbine during the 3rd quarter valued at $191,000. Hedge funds and other institutional investors own 10.06% of the company’s stock.
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About Capstone Turbine
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.
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