Analysts forecast that Capstone Turbine Co. (NASDAQ:CPST) will report sales of $21.70 million for the current quarter, according to Zacks. Two analysts have provided estimates for Capstone Turbine’s earnings, with estimates ranging from $21.00 million to $22.40 million. Capstone Turbine posted sales of $22.17 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The business is scheduled to issue its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Capstone Turbine will report full-year sales of $90.35 million for the current fiscal year, with estimates ranging from $85.00 million to $95.70 million. For the next financial year, analysts expect that the business will report sales of $117.90 million. Zacks’ 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 posted its quarterly 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 firm had revenue of $22.02 million during the quarter, compared to analyst estimates of $20.97 million. Capstone Turbine had a negative net margin of 21.30% and a negative return on equity of 75.59%.

Several equities analysts have commented on the company. Zacks Investment Research cut Capstone Turbine from a “hold” rating to a “strong sell” rating in a report on Tuesday. Maxim Group set a $1.00 price target on Capstone Turbine and gave the company a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Capstone Turbine has an average rating of “Hold” and an average target price of $1.25.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Capstone Turbine by 82.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,603,490 shares of the industrial products company’s stock worth $2,048,000 after buying an additional 1,174,045 shares in the last quarter. Perkins Capital Management Inc. raised its holdings in shares of 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 buying an additional 63,757 shares in the last quarter. BlackRock Inc. raised its holdings in shares of 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 buying an additional 31,682 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of 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 buying an additional 25,529 shares in the last quarter. Finally, GMT Capital Corp acquired a new position in shares of Capstone Turbine in the 1st quarter worth approximately $247,000. 10.88% of the stock is owned by institutional investors and hedge funds.

Capstone Turbine stock traded up $0.01 during trading hours on Monday, hitting $0.65. The stock had a trading volume of 312,900 shares, compared to its average volume of 217,094. The company has a 50-day moving average of $0.74 and a two-hundred day moving average of $0.83. The company has a quick ratio of 1.77, a current ratio of 2.30 and a debt-to-equity ratio of 1.69. The company has a market cap of $47.74 million, a PE ratio of -2.60 and a beta of 0.65. Capstone Turbine has a fifty-two week low of $0.55 and a fifty-two week high of $1.23.

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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