Westport Innovations (WPRT) Reports Q4 Loss, Tops Revenue Estimates

Financial Performance - Westport Innovations reported a quarterly loss of $0.59 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.24, representing an earnings surprise of -145.83% [1] - The company posted revenues of $75.1 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 4.11%, but down from $87.2 million in the same quarter a year ago [2] - The current consensus EPS estimate for the upcoming quarter is -$0.33 on revenues of $71.88 million, and for the current fiscal year, it is -$0.63 on revenues of $295.01 million [7] Market Performance - Westport shares have increased by approximately 7.8% since the beginning of the year, contrasting with the S&P 500's decline of -5.1% [3] - The company's Zacks Rank is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Outlook - The Automotive - Original Equipment industry, to which Westport belongs, is currently ranked in the bottom 49% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Westport's stock performance [5]