3 Takeaways From Ballard Power's Q2 Earnings
Providing surprises on both the top and bottom lines, Ballard Power Systems (NASDAQ: BLDP), a leader in fuel cell solutions, reported sales of $23.7 million and a loss of $0.03 per share. That beat analysts' second-quarter revenue and earnings-per-share estimates of $22.4 million and negative $0.05, respectively.
Savvy investors know that valuable insight into a company's quarterly earnings report transcends just two figures, so let's take a closer look at the company's report to gain a better understanding of its progress in the second quarter.
Although Ballad's success in topping analysts' revenue estimates may energize some investors, those familiar with the company know that, in fact, it's nothing to get too excited about. Unwilling to provide extensive guidance, management has maintained that the company will book sales of about $97 million in 2019, same as it did in 2018. With Q2 sales of about $24 million, it brings the company's year-to-date total to $40 million. That's about $7 million less than what the company reported in 2018, but it's still poised to meet its annual estimate.
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