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Ballard Power (BLDP)
:BLDP
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.16Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -15.61%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging environment for Ballard Power Systems with significant revenue and market challenges, particularly in China and the truck and marine markets. However, the company remains financially robust with a strong cash position and significant new orders in the bus market, alongside efforts to reduce operating costs through restructuring.Company Guidance
In the recent Q3 2024 earnings call for Ballard Power Systems (BLDP.TO), significant guidance was provided amidst challenging industry conditions. The company announced a global restructuring aiming to reduce total annualized operating costs by more than 30%, with major savings expected in 2025. This restructuring involves workforce reductions and rationalization of product development programs. Ballard reported a $16.1 million restructuring charge and non-cash goodwill and PP&E impairments of approximately $147 million. The company experienced weak revenue and low new order intake of $7.1 million in Q3, but anticipates improvement in Q4. Notably, Ballard secured a substantial order from New Flyer for 200 fuel cell engines and another order from a European bus OEM. Despite these challenges, Ballard maintains a strong cash position of approximately $635.1 million and plans to defer its Texas gigafactory expansion decision to 2026, preserving $94 million in government funding.Strong Cash Position
Ballard Power Systems ended the quarter with approximately $635.1 million in cash and cash equivalents, providing a robust financial foundation amid industry challenges.
Significant Bus Orders
Received a new order from New Flyer for 200 fuel cell engines, the largest order in the history of the industry for fuel cell engines in the North American bus market, and a repeat order from a European bus OEM.
Bus Revenue Increase
Bus revenue increased by 33% to $11.2 million in Q3, indicating growth in this sector despite overall revenue challenges.
Reduction in Operating Costs
Global restructuring is expected to reduce total annualized operating costs by more than 30%, with significant savings to be realized in 2025.
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BLDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $1.73 | $1.67 | -3.47% |
| Aug 12, 2024 | $1.93 | $1.84 | -4.66% |
| May 07, 2024 | $2.83 | $2.84 | +0.35% |
| Mar 11, 2024 | $3.31 | $3.00 | -9.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ballard Power (BLDP) report earnings?
Ballard Power (BLDP) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Ballard Power (BLDP) earnings time?
Ballard Power (BLDP) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLDP EPS forecast?
BLDP EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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