Equities Analysts Offer Predictions for WPRT FY2024 Earnings

Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT - Equities research analysts at Zacks Research boosted their FY2024 earnings per share estimates for Westport Fuel Systems in a research report issued on Tuesday, December 3rd. Zacks Research analyst L. Shahu now anticipates that the auto parts company will post earnings of ($1.74) per share for the year, up from their prior forecast of ($1.89). The consensus estimate for Westport Fuel Systems' current full-year earnings is ($1.69) per share. Zacks Research also issued estimates for Westport Fuel Systems' Q4 2024 earnings at ($0.29) EPS, Q1 2025 earnings at ($0.32) EPS, Q2 2025 earnings at ($0.25) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.14) EPS, Q1 2026 earnings at ($0.19) EPS, Q2 2026 earnings at ($0.15) EPS, Q3 2026 earnings at ($0.11) EPS and FY2026 earnings at ($0.59) EPS.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last announced its quarterly earnings data on Tuesday, November 12th. The auto parts company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.19. The company had revenue of $66.25 million during the quarter, compared to the consensus estimate of $66.88 million. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%. During the same quarter last year, the firm posted ($0.68) EPS.

Several other equities research analysts also recently commented on the company. HC Wainwright restated a "buy" rating and set a $22.00 price objective on shares of Westport Fuel Systems in a report on Friday, November 15th. StockNews.com upgraded shares of Westport Fuel Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $8.00 price objective on shares of Westport Fuel Systems in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $14.13.

Westport Fuel Systems Stock Down 0.7 %

Shares of WPRT traded down $0.03 during trading hours on Friday, hitting $4.31. The stock had a trading volume of 52,706 shares, compared to its average volume of 66,555. The firm has a 50 day simple moving average of $4.33 and a 200-day simple moving average of $5.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.60. Westport Fuel Systems has a 1-year low of $3.91 and a 1-year high of $7.64.

Institutional Investors Weigh In On Westport Fuel Systems

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in Westport Fuel Systems in the 2nd quarter worth about $67,000. US Bancorp DE boosted its stake in shares of Westport Fuel Systems by 170.7% in the 3rd quarter. US Bancorp DE now owns 188,349 shares of the auto parts company's stock worth $865,000 after buying an additional 118,780 shares during the last quarter. Finally, Grace & White Inc. NY boosted its stake in shares of Westport Fuel Systems by 5.2% in the 2nd quarter. Grace & White Inc. NY now owns 625,322 shares of the auto parts company's stock worth $3,483,000 after buying an additional 30,740 shares during the last quarter. Institutional investors own 21.30% of the company's stock.

About Westport Fuel Systems

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.