Westport Fuel Systems Inc reports results for the quarter ended in December - Earnings Summary

Westport Fuel Systems

25/03/2024 22:31

* Westport Fuel Systems Inc  WPRT.TO  reported a quarterly
adjusted loss of 87 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $-1.00.  The mean expectation of
five analysts for the quarter was for a loss of 51 cents per
share. Wall Street expected results to range from -58 cents
to -45 cents per share.
    * Revenue rose 11.7% to $87.15 million from a year ago;
analysts
expected $86.49 million. 
    * Westport Fuel Systems Inc's reported EPS for the quarter
was a
loss of 87 cents​.
    * The company reported a quarterly loss of $12.02 million.
    * Westport Fuel Systems Inc shares had fallen by 2.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Westport Fuel
Systems Inc is $17.00 
This summary was machine generated from LSEG data March 25 at
10:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.51          -0.87          Missed
 Sep. 30 2023      -0.62          -0.68          Missed
 Jun. 30 2023      -0.60          -0.60          Met
 Mar. 31 2023      -0.76          -0.60          Beat