Compared to Estimates, Ballard (BLDP) Q2 Earnings: A Look at Key Metrics

Core Insights - Ballard Power Systems reported $16 million in revenue for Q2 2024, a 4.5% year-over-year increase, but fell short of the Zacks Consensus Estimate by 12.15% [1] - The company posted an EPS of -$0.11, which is an improvement from -$0.10 a year ago, resulting in a positive EPS surprise of 15.38% compared to the consensus estimate of -$0.13 [1] Revenue Breakdown - Revenue from Fuel Cell Products & Services in Heavy-Duty Mobility was $13.20 million, slightly below the average estimate of $13.80 million, but showed a significant year-over-year increase of 55.9% [3] - Revenue from Fuel Cell Products & Services in Emerging and Other Markets was $1.20 million, which is lower than the average estimate of $1.27 million, reflecting a substantial year-over-year decline of 63.8% [4] - Revenue from Fuel Cell Products & Services in Stationary applications was $1.70 million, significantly below the average estimate of $3.33 million, marking a year-over-year decrease of 51.8% [5] Stock Performance - Over the past month, shares of Ballard Power Systems have declined by 27.7%, contrasting with the performance of the Zacks S&P 500 composite [5]