Capstone Turbine Corp Earnings: Margins Expand For Fifth Straight Quarter

The Cheat Sheet

Capstone Turbine Corporation 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.

Key Stats:

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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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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