BLDP Earnings Prediction
The chart below shows how BLDP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLDP sees a +3.30% change in stock price 10 days leading up to the earnings, and a -2.76% change 10 days following the report. On the earnings day itself, the stock moves by -2.75%. This data can give you a slight idea of what to expect for the next quarter's release.
BLDP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.76M
-46.49%
-7.79%
Gross Margin
-55.68%
445.88%
73.89%
Operating Margin
-320.57%
131.01%
24.92%
Net Margin
-1386.09%
511.99%
604.99%
EPS
-0.68
-223.81%
518.18%
No Data Available
BLDP Earnings Analysis
Ballard Power Systems Inc. Corporation (BLDP.O) Earnings Conference Call
Positive
Order Decrease Analysis: Ballard delivered orders totaling $14.8 million, a decrease of 45% year-over-year, due to slowing customer demand, reflective of a push out in the adoption curve for hydrogen and PEM fuel cells.
Bus Revenue Surge: Bus revenue increased 33% totaling $11.2 million in the quarter.
Product Sales Dominance: Product sales accounted for approximately 93% of total revenue, continuing an increasing trend as we transitioned to a commercial products company.
Cost Reduction Strategy: We expect our global restructuring to reduce total annualized operating costs by more than 30% with a substantial part of the annual cost savings to be realized in 2025.
Cash and Cash Equivalents: We ended the quarter with approximately $635.1 million in cash and cash equivalents.
Negative
Order Decrease Analysis: In Q3, Ballard delivered orders totaling $14.8 million, a decrease of 45% year-over-year, due to slowing customer demand.
Financing Challenges in Hydrogen Sector: We observed a continued deterioration in the financing environment for companies in the hydrogen fuel cell industry, including reduced access to capital.
Operating Expenses Increase: In Q3, total operating expenses were $54.9 million, 58% or $20.2 million higher year-over-year, primarily due to a restructuring charge of $16.1 million.
Disappointing New Order Intake: We had disappointing new order intake of only $7.1 million during Q3, reflecting a push out in the adoption curve for hydrogen and PEM fuel cells.
Negative Gross Margin Decline: Our gross margin was negative 56%, 45 points lower compared to the same period last year, due to lower revenue and changes in our revenue mix.
BLDP FAQs
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BLDP Earning Call Sentiment
Ballard Power Systems Inc. (BLDP) Q3 2024 Earnings Call Transcript
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BLDP.O
5.32%Positive
The earnings call revealed several negative factors: a 45% YoY revenue decline, negative gross margins, and high operating expenses due to restructuring. The Q&A highlighted market challenges and policy uncertainties. Despite some positive developments in the bus market and potential cost reductions, the overall sentiment is negative due to financial losses and unclear guidance. The strategic partnership with Vertiv and potential breakeven by Q4 offer some hope, but the immediate outlook is overshadowed by financial and market adoption challenges.