Ballard Power Sys Up 3.71% To $8.72 After Earnings Miss

Wednesday, August 10, 2022 - Ballard Power Sys (BLDP) reported downside earnings and revenues today.

Ballard Power Sys's earnings came in at an EPS loss of $0.19 per share, 217% lower than estimates for an EPS loss of $0.06 per share. The firm's loss per share expanded by 171% since reporting a loss of $0.07 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Analyst projections for Ballard Power Sys revenue came in at a consensus of $26.5 million. Second-Quarter revenues missed estimates for $20.9 million by $5.6 million (21%). The company achieved negative 16% growth year-over-year compared to the firm's revenue of $25 million from the year-ago quarter. The lower earnings growth relative to revenue signals Ballard Power Sys has not been able to improve its profit margin.

The stock is up 3.71% to $8.72 after the report.

Despite Ballard Power Sys reporting a decline in revenues, earnings increased signaling a rise in profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 33. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Ballard is a world leader in proton exchange membrane fuel cell, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (consisting of bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.