Capstone Turbine Earnings: Double Digit Revenue, Misses on Loss Estimate

Helped by revenue growth, Capstone Turbine Corporation (NASDAQ:CPST) narrowed its loss in the fourth 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 Corporation Earnings Cheat Sheet

Results: Loss narrowed to $8.3 million (loss of 3 cents per diluted share) from $28.8 million (loss of 12 cents per share) in the same quarter a year earlier.

Revenue: Rose 32.3% to $30.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Capstone Turbine Corporation reported an adjusted net loss of 4 cents per share. By that measure, the company fell short of the mean analyst estimate of a loss of 2 cents per share. Analysts were expecting revenue of $29.9 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 36.4%, 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 analyst estimates for the last three quarters. It missed the mark by one cent in the third quarter and by one cent in the second quarter.

Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at one cent a share. The average estimate hasn’t changed from 11 cents per share for the fiscal year.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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