Westport Fuel Systems Inc (WPRT)

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$71.50 Million in Sales Expected for Westport Fuel Systems Inc. (NASDAQ:WPRT) This Quarter.

source
https://www.marketbeat.com/instant-alerts/nasdaq-wprt-consensus-analyst-rating-2021-05/

MAY 3, 2021

Brokerages expect Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) to announce sales of $71.50 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Westport Fuel Systems' earnings, with the highest sales estimate coming in at $75.30 million and the lowest estimate coming in at $67.70 million. Westport Fuel Systems posted sales of $67.22 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is scheduled to report its next earnings results after the market closes on Thursday, May 6th.

According to Zacks, analysts expect that Westport Fuel Systems will report full year sales of $352.40 million for the current fiscal year, with estimates ranging from $351.00 million to $353.80 million. For the next financial year, analysts forecast that the business will post sales of $412.95 million, with estimates ranging from $401.30 million to $424.60 million. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Westport Fuel Systems.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings results on Monday, March 15th. The auto parts company reported $0.03 EPS for the quarter. The company had revenue of $83.90 million during the quarter, compared to analysts' expectations of $69.41 million. Westport Fuel Systems had a negative return on equity of 15.61% and a negative net margin of 2.61%.

Several equities analysts have recently issued reports on the company. Oppenheimer began coverage on Westport Fuel Systems in a report on Thursday, January 21st. They issued a "buy" rating and a $10.00 price objective for the company. Lake Street Capital lifted their price target on Westport Fuel Systems from $4.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, January 22nd. Finally, HC Wainwright boosted their price objective on Westport Fuel Systems from $5.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, March 23rd.

Shares of WPRT stock
https://www.pricetargets.com/NASDAQ/WPRT/
opened at $6.83 on Monday. The stock has a market cap of $1.01 billion, a PE ratio of -136.57 and a beta of 1.76. The business has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $6.13. The company has a quick ratio of 0.84, a current ratio of 1.32 and a debt-to-equity ratio of 0.43. Westport Fuel Systems has a 52-week low of $0.90 and a 52-week high of $12.95.

A number of large investors have recently bought and sold shares of the business. AE Wealth Management LLC increased its stake in Westport Fuel Systems by 5.7% during the 1st quarter. AE Wealth Management LLC now owns 56,140 shares of the auto parts company's stock worth $404,000 after buying an additional 3,026 shares in the last quarter. Hudock Inc. grew its position in shares of Westport Fuel Systems by 60.8% in the first quarter. Hudock Inc. now owns 8,685 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 3,285 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Westport Fuel Systems by 16.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 24,476 shares of the auto parts company's stock valued at $132,000 after purchasing an additional 3,500 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Westport Fuel Systems in the fourth quarter valued at approximately $66,000. Finally, Founders Capital Management purchased a new stake in shares of Westport Fuel Systems in the fourth quarter valued at approximately $40,000. Institutional investors own 18.42% of the company's stock.

Westport Fuel Systems Company Profile
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for use in transportation applications worldwide. It operates through Original Equipment Manufacturer, Independent Aftermarket, and Cummins Westport Inc (CWI) Joint Venture segments. The company offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

Further Reading:
Compound Annual Growth Rate (CAGR)
https://www.marketbeat.com/financial-terms/compound-annual-growth-rate-cagr/