Brokers Set Expectations for Ballard Power Systems’ Q4 2019 Earnings (TSE:BLD)

Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) – Cormark issued their Q4 2019 earnings estimates for shares of Ballard Power Systems in a report released on Wednesday, November 27th. Cormark analyst M. D. Whale expects that the company will post earnings of ($0.08) per share for the quarter. Cormark also issued estimates for Ballard Power Systems’ Q1 2020 earnings at ($0.05) EPS, Q2 2020 earnings at ($0.04) EPS, Q3 2020 earnings at ($0.04) EPS, Q4 2020 earnings at ($0.05) EPS and FY2020 earnings at ($0.19) EPS.

Separately, HC Wainwright lowered Ballard Power Systems from a “buy” rating to a “neutral” rating in a research report on Friday, November 1st.

Ballard Power Systems has a 52-week low of C$49.61 and a 52-week high of C$2.32.

Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). The firm had revenue of C$32.72 million during the quarter, compared to analysts’ expectations of C$33.79 million.

In other Ballard Power Systems news, Senior Officer Anthony Robert Guglielmin sold 25,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of C$6.10, for a total value of C$152,500.00. Following the completion of the transaction, the insider now owns 187,257 shares of the company’s stock, valued at approximately C$1,142,267.70. Also, Senior Officer Robert Randall Macewen sold 154,702 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$7.36, for a total value of C$1,138,606.72. Following the completion of the transaction, the insider now directly owns 318,310 shares of the company’s stock, valued at approximately C$2,342,761.60. In the last three months, insiders sold 294,649 shares of company stock valued at $2,163,056.

About Ballard Power Systems

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Recommended Story: What is a back-end load?

Earnings History and Estimates for Ballard Power Systems (TSE:BLD)

Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.