Westport Innovations (WPRT) PT, Estimates Cut at Northland Capital Markets on Weak Q4, Guidance
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Go back to Westport Innovations (WPRT) PT, Estimates Cut at Northland Capital Markets on Weak Q4, Guidance
March 10, 2015 7:49 AM EDT
Jefferies analyst Laurence Alexander reiterated a Hold rating on Westport Innovations (NASDAQ: WPRT) while bumping his price target to $5.00 (from $4.00) following Q4 results and outlook. The firm notes headwinds persists and EBITDA break-even has slipped to the 2nd-half of 2016.
Alexander... More
March 9, 2015 4:07 PM EDT
Westport (NASDAQ: WPRT) reported Q4 EPS of ($1.02), $0.61 worse than the analyst estimate of ($0.41). Revenue for the quarter came in at $27.4 million versus the consensus estimate of $24.77 million.
"Despite volatile energy markets in 2014, market interest in alternative fuels continues to grow in many parts of the world," said David Demers, CEO of Westport. "Achieving over $1 billion in sales in 2014 highlights the dramatic growth in our market presence and prospects going forward, with 55% CAGR over the past five years. Our joint ventures posted record annual revenue with over 61,000 combined units sold during the year, representing... More
