Ballard Power Systems Q1 EPS $(0.14), Inline, Sales $14.50M Miss $16.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems (NASDAQ:BLDP) reported Q1 EPS of $(0.14), meeting analyst estimates but with a 27.27% decrease from last year. Sales were $14.50M, missing the $16.66M estimate, yet marking a 9.02% increase from the previous year.
May 07, 2024 | 12:39 pm
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Ballard Power Systems reported a Q1 EPS of $(0.14), in line with estimates but down 27.27% from last year, and sales of $14.50M, missing estimates by 12.97% but up 9.02% YOY.
The reported EPS meeting estimates but showing a significant decrease from the previous year, combined with sales missing estimates, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100