$21.60 Million in Sales Expected for Capstone Turbine Co. (NASDAQ:CPST) This Quarter

Analysts expect Capstone Turbine Co. (NASDAQ:CPST) to announce sales of $21.60 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Capstone Turbine’s earnings, with the highest sales estimate coming in at $22.50 million and the lowest estimate coming in at $20.70 million. Capstone Turbine posted sales of $18.03 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.8%. The company is expected to announce its next earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Capstone Turbine will report full year sales of $83.55 million for the current fiscal year, with estimates ranging from $82.30 million to $84.80 million. For the next fiscal year, analysts expect that the company will post sales of $97.55 million, with estimates ranging from $95.70 million to $99.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Capstone Turbine.

Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported ($0.59) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.19). Capstone Turbine had a negative net margin of 21.80% and a negative return on equity of 80.80%. The business had revenue of $20.74 million during the quarter.

Several equities research analysts recently commented on CPST shares. Maxim Group set a $0.50 price target on Capstone Turbine and gave the company a “buy” rating in a report on Friday, October 18th. Zacks Investment Research cut Capstone Turbine from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Oppenheimer downgraded Capstone Turbine from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. ValuEngine upgraded Capstone Turbine from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Lake Street Capital lowered their price target on shares of Capstone Turbine from $30.00 to $5.00 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1.90.

Several hedge funds have recently added to or reduced their stakes in CPST. Vanguard Group Inc. lifted its holdings in Capstone Turbine by 82.1% in the second quarter. Vanguard Group Inc. now owns 2,603,490 shares of the industrial products company’s stock valued at $2,048,000 after acquiring an additional 1,174,045 shares during the last quarter. Perkins Capital Management Inc. raised its holdings in Capstone Turbine by 59.6% in the 3rd quarter. Perkins Capital Management Inc. now owns 2,189,900 shares of the industrial products company’s stock valued at $1,117,000 after buying an additional 818,000 shares during the period. Finally, Cerity Partners LLC lifted its position in Capstone Turbine by 46.4% in the third quarter. Cerity Partners LLC now owns 138,334 shares of the industrial products company’s stock valued at $71,000 after buying an additional 43,859 shares during the last quarter.

Shares of Capstone Turbine stock opened at $3.37 on Wednesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.29 and a quick ratio of 1.57. The stock’s 50 day simple moving average is $2.53 and its 200-day simple moving average is $1.15. The stock has a market cap of $28.36 million, a P/E ratio of -1.35 and a beta of 0.86. Capstone Turbine has a 1-year low of $1.88 and a 1-year high of $10.80.

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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