Capstone Turbine Corp Earnings: Margins Expand For Fifth Straight Quarter
Capstone Turbine Corporation (NASDAQ:CPST) reported its results for the third quarter. Capstone Turbine develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications.
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Capstone Turbine Earnings Cheat Sheet for the Third Quarter
Results: Loss widened to $8.8 million (3 cents per diluted share) from $8.1 million (loss of 3 cents per share) in the same quarter a year earlier.
Revenue: Rose 13.8% to $27.5 million from the year earlier quarter.
Actual vs. Wall St. Expectations: Capstone Turbine Corporation fell short of the mean analyst estimate of a loss of 2 cents per share. It fell short of the average revenue estimate of $29.4 million.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 40.2%, with the biggest boost coming in the first quarter when revenue rose 51.3% from the year earlier quarter.
The company has now fallen short of estimates in the last two quarters. In the second quarter, it missed expectations by one cent with a loss of 3 cents versus a mean estimate of a loss of 2 cents per share.
The company reported a net loss last quarter after booking a profit the quarter before that. In the first quarter, the company booked a profit of $2.9 million or one cent per share.
The average estimate for the fiscal year has reached a loss of 10 cents per share, down from a loss of 8 cents ninety days ago.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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