Wall Street brokerages expect Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) to report earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Westport Fuel Systems’ earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.12). Westport Fuel Systems posted earnings of ($0.24) per share in the same quarter last year, which suggests a positive year over year growth rate of 45.8%. The business is scheduled to issue its next quarterly earnings report on Monday, March 26th.
On average, analysts expect that Westport Fuel Systems will report full-year earnings of ($0.49) per share for the current fiscal year, with EPS estimates ranging from ($0.49) to ($0.48). For the next financial year, analysts forecast that the firm will post earnings of ($0.17) per share, with EPS estimates ranging from ($0.21) to ($0.13). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Westport Fuel Systems.
Several research analysts recently weighed in on WPRT shares. Lake Street Capital restated a “buy” rating and issued a $5.00 price objective on shares of Westport Fuel Systems in a research report on Wednesday, November 15th. Oppenheimer upped their price objective on shares of Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. ValuEngine cut shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Finally, Craig Hallum set a $5.00 price objective on shares of Westport Fuel Systems and gave the stock a “buy” rating in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.58.
Westport Fuel Systems (WPRT) opened at $2.72 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.13. The firm has a market cap of $357.02, a P/E ratio of -2.31 and a beta of 1.81. Westport Fuel Systems has a 52-week low of $0.82 and a 52-week high of $4.33.
About Westport Fuel Systems
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
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