Wall Street brokerages expect Capstone Turbine (NASDAQ:CPST) to report earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Capstone Turbine’s earnings. Capstone Turbine posted earnings of ($0.14) per share in the same quarter last year, which suggests a positive year over year growth rate of 71.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, June 12th.
On average, analysts expect that Capstone Turbine will report full-year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.22). For the next financial year, analysts forecast that the firm will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.06) to $0.00. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Capstone Turbine.
CPST has been the subject of several recent research reports. Oppenheimer set a $2.00 target price on Capstone Turbine and gave the company a “buy” rating in a report on Monday, February 5th. HC Wainwright set a $2.00 target price on Capstone Turbine and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research raised Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Tuesday, February 20th. Finally, ValuEngine raised Capstone Turbine from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. One 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 currently has an average rating of “Buy” and an average target price of $1.75.
Capstone Turbine opened at $1.37 on Friday, MarketBeat Ratings reports. Capstone Turbine has a 52 week low of $1.34 and a 52 week high of $1.37.
Several hedge funds and other institutional investors have recently modified their holdings of CPST. Macquarie Group Ltd. acquired a new position in shares of Capstone Turbine during the fourth quarter worth approximately $111,000. Geode Capital Management LLC boosted its position in shares of Capstone Turbine by 63.3% during the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares during the period. Northern Trust Corp boosted its position in shares of Capstone Turbine by 116.5% during the first quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after buying an additional 83,002 shares during the period. Wedbush Securities Inc. boosted its position in shares of Capstone Turbine by 52.1% during the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after buying an additional 111,001 shares during the period. Finally, Perkins Capital Management Inc. acquired a new position in shares of Capstone Turbine during the fourth quarter worth approximately $744,000. Institutional investors and hedge funds own 11.61% of the company’s stock.
About Capstone Turbine
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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