Ballard (BLDP) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Ballard Power Systems reported a significant decline in revenue and earnings for the quarter ended September 2024, with revenue of $14.76 million, down 46.5% year-over-year, and an EPS of -$0.19 compared to -$0.12 in the previous year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $24.74 million by 40.36%, and the EPS also missed the consensus estimate of -$0.13 by 46.15% [1] Revenue Breakdown - Revenue from Fuel Cell Products & Services in Heavy-Duty Mobility was $12.82 million, which is a 39.2% decrease year-over-year and below the average estimate of $15.71 million from two analysts [3] - Revenue from Fuel Cell Products & Services in Emerging and Other Markets was $1.43 million, representing a 60.4% decline compared to the previous year and falling short of the estimated $2.43 million [3] - Revenue from Fuel Cell Products & Services in Stationary applications was $0.51 million, down 82.5% year-over-year, significantly lower than the average estimate of $2.91 million [3] Stock Performance - Over the past month, Ballard's shares have returned -1.7%, compared to a -0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance against the broader market in the near term [4]