Zacks: Analysts Anticipate Capstone Turbine Co. (NASDAQ:CPST) Will Announce Quarterly Sales of $22.80 Million

Wall Street analysts expect Capstone Turbine Co. (NASDAQ:CPST) to announce $22.80 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Capstone Turbine’s earnings, with the lowest sales estimate coming in at $21.00 million and the highest estimate coming in at $24.60 million. Capstone Turbine posted sales of $21.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The firm is expected to issue its next earnings results on Tuesday, August 20th.

On average, analysts expect that Capstone Turbine will report full-year sales of $90.35 million for the current financial year, with estimates ranging from $85.00 million to $95.70 million. For the next year, analysts forecast that the business will report sales of $117.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Capstone Turbine.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $22.02 million for the quarter, compared to the consensus estimate of $20.97 million. Capstone Turbine had a negative net margin of 19.97% and a negative return on equity of 67.42%.

CPST has been the subject of a number of recent analyst reports. Maxim Group set a $1.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research lowered shares of Capstone Turbine from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Capstone Turbine has an average rating of “Hold” and a consensus target price of $1.25.

Shares of Capstone Turbine stock traded up $0.01 on Monday, hitting $0.65. 2,931 shares of the company’s stock traded hands, compared to its average volume of 215,996. The firm has a 50-day moving average price of $0.74. The company has a market cap of $46.63 million, a PE ratio of -2.59 and a beta of 0.65. Capstone Turbine has a one year low of $0.55 and a one year high of $1.24. The company has a quick ratio of 1.77, a current ratio of 2.50 and a debt-to-equity ratio of 1.18.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. boosted its stake in Capstone Turbine by 5.6% in the 1st quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock worth $437,000 after purchasing an additional 25,529 shares during the period. BlackRock Inc. boosted its stake in Capstone Turbine by 6.5% in the 4th quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 31,682 shares during the period. Virtu Financial LLC boosted its stake in Capstone Turbine by 77.5% in the 1st quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 52,107 shares during the period. Perkins Capital Management Inc. boosted its stake in Capstone Turbine by 4.9% in the 1st quarter. Perkins Capital Management Inc. now owns 1,374,900 shares of the industrial products company’s stock worth $1,237,000 after purchasing an additional 63,757 shares during the period. Finally, GMT Capital Corp acquired a new position in Capstone Turbine in the 1st quarter worth $247,000. 10.88% of the stock is owned by hedge funds and other institutional investors.

Capstone Turbine Company Profile

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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Earnings History and Estimates for Capstone Turbine (NASDAQ:CPST)

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