Capstone Turbine Co. (CPST) Expected to Post Quarterly Sales of $21.33 Million

Brokerages expect Capstone Turbine Co. (NASDAQ:CPST) to announce $21.33 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Capstone Turbine’s earnings. The lowest sales estimate is $20.00 million and the highest is $22.50 million. Capstone Turbine posted sales of $22.76 million in the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The business is expected to report its next earnings results on Monday, February 4th.

According to Zacks, analysts expect that Capstone Turbine will report full year sales of $89.60 million for the current fiscal year, with estimates ranging from $87.60 million to $91.30 million. For the next fiscal year, analysts forecast that the business will post sales of $109.40 million, with estimates ranging from $106.40 million to $115.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Capstone Turbine.

Capstone Turbine (NASDAQ:CPST) last announced its earnings results on Tuesday, November 6th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Capstone Turbine had a negative net margin of 13.21% and a negative return on equity of 46.55%. The firm had revenue of $22.17 million for the quarter, compared to analyst estimates of $21.80 million.



Several analysts have issued reports on the stock. HC Wainwright set a $2.00 target price on shares of Capstone Turbine and gave the company a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research downgraded shares of Capstone Turbine from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $2.25.

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC grew its holdings in shares of Capstone Turbine by 177.6% during the 4th quarter. Virtu Financial LLC now owns 67,220 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 43,003 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Capstone Turbine by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 2,076,704 shares of the industrial products company’s stock valued at $2,077,000 after acquiring an additional 27,420 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Capstone Turbine during the 3rd quarter valued at $109,000. Renaissance Technologies LLC grew its holdings in shares of Capstone Turbine by 34.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,504,829 shares of the industrial products company’s stock valued at $1,505,000 after acquiring an additional 385,720 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of Capstone Turbine by 150.0% during the 3rd quarter. Ancora Advisors LLC now owns 200,000 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 120,000 shares in the last quarter. Institutional investors and hedge funds own 13.07% of the company’s stock.

NASDAQ:CPST traded up $0.02 during trading hours on Friday, hitting $0.92. 390,700 shares of the stock traded hands, compared to its average volume of 644,613. Capstone Turbine has a fifty-two week low of $0.55 and a fifty-two week high of $1.90. The company has a market cap of $65.68 million, a P/E ratio of -4.60 and a beta of 0.03.

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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