Why Is Westport (WPRT) Up 8.4% Since Last Earnings Report?

Zacks12-13

A month has gone by since the last earnings report for Westport Innovations (WPRT). Shares have added about 8.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue ...

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Shares have added about 8.4% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-westport-wprt-8-4-163031064.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Westport (WPRT) Up 8.4% Since Last Earnings Report?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Westport (WPRT) Up 8.4% Since Last Earnings Report?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 00:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-westport-wprt-8-4-163031064.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Westport Innovations (WPRT). Shares have added about 8.4% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-westport-wprt-8-4-163031064.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BWA","symbol_name":"博格华纳","start_time":0,"source_url":"https://finance.yahoo.com/news/why-westport-wprt-8-4-163031064.html","article_id":"2491322433","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CorpxfcSD3xaruoFanouDg--~B/aD00NzY7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/ace7df31c7fcb10255abe7c990ea373a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491322433","pubTimestamp":1734021031,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Westport Innovations . Shares have added about 8.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Westport due for a pullback?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Westport Q3 Earnings Beat Expectations, Revenues Decline Y/Y. Westport incurred a loss of 22 cents per share in the third quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 41 cents. The company had incurred a loss of 68 cents in the year-ago period.WPRT registered consolidated revenues of $66.2 million, missing the Zacks Consensus Estimate of $67 million. The top line also fell from $77.4 million generated in the corresponding quarter of 2023. The company incurred an adjusted EBITDA loss of $0.8 million compared wit","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BWA":"博格华纳","WPRT":"西港燃料"},"translate_title":"为什么Westport(WPRT)自上次收益报告以来上涨了8.4%？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WPRT":1,"BWA":0.9},"content_text":"A month has gone by since the last earnings report for Westport Innovations (WPRT). Shares have added about 8.4% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Westport due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. \nWestport Q3 Earnings Beat Expectations, Revenues Decline Y/Y\nWestport incurred a loss of 22 cents per share in the third quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 41 cents. The company had incurred a loss of 68 cents in the year-ago period. WPRT registered consolidated revenues of $66.2 million, missing the Zacks Consensus Estimate of $67 million. The top line also fell from $77.4 million generated in the corresponding quarter of 2023. The company incurred an adjusted EBITDA loss of $0.8 million compared with a loss of $3 million recorded in the year-ago period.\nSegmental Takeaways\nFrom the third quarter of 2024, Westport has started reporting its results under five reportable segments: Cespira, Light-Duty, High-Pressure Controls and Systems, Heavy-Duty OEM and Corporate. Cespira is Westport’s HPDI joint venture with Volvo Group. Cespira: The segment reported net sales of $16.2 million and incurred an operating loss of $5.3 million in the third quarter of 2024. Light-Duty: Net sales of the segment totaled $61.5 million, which increased from $60.2 million in the third quarter of 2023 and surpassed our estimate of $53.2 billion. The upside was mainly due to higher sales in light-duty OEM and IAM businesses.The segment reported an operating income of $2.4 million against the year-ago quarter’s operating loss of $3 million. The metric surpassed our estimate of $1.9 million. Gross profit rose to $13.9 million (23% of revenues) from the year-ago period’s $12 million (20% of revenues), primarily due to an increase in sales volumes, a change in sales mix with higher sales to European customers and lower sales in developing regions.High-Pressure Controls and Systems: Net sales of the segment totaled $1.6 million compared with $3.7 million in the year-ago period. The figure missed our estimate of $3 million. A slowdown in building hydrogen infrastructure has resulted in slower adoption of hydrogen-powered solutions in automotive and industrial sectors, which resulted in a year-over-year decline. The segment incurred an operating loss of $1.2 million compared with the operating loss of $0.4 million reported in the corresponding quarter of 2023. The loss was narrower than our estimate of a loss of $1.3 million.In the reported quarter, gross profit fell $0.6 million to $0.4 million, representing 25% of revenues due to lower sales volume. The company’s gross profit was $1 million or 27% of revenues in the third quarter of 2023. Heavy-Duty OEM: Net sales of the segment, which includes revenues from the HPDI business from Jan. 1, 2024, to June 3, 2024, totaled $3.1 million. The company reported $13.5 million in the year-ago quarter. The metric missed our estimate of $11.4 million. The year-over-year decline resulted from the transition of this business to Cespira and the consequent change in accounting method. The segment reported an operating income of $0.9 million against the loss of $3.7 million reported in the corresponding quarter of 2023. We estimated an operating loss of $4.2 million.Gross profit totaled $0.2 million (6% of revenues) compared with $0.2 million (1% of revenues) in the third quarter of 2023. Corporate: The segment reported an operating loss of $1 million compared with an operating loss of $5 million reported in the year-ago period. The operating loss was narrower than our estimate of a loss of $3.2 million.\nFinancials\nWestport had cash and cash equivalents (including restricted cash) of $33.26 million as of Sept. 30, 2024, down from $54.85 million at the end of 2023. Long-term debt decreased to $23.5 million as of Sept. 30, 2024, from $30.96 million as of Dec. 31, 2023.\nHow Have Estimates Been Moving Since Then?\nIn the past month, investors have witnessed an upward trend in estimates review.\nThe consensus estimate has shifted 20.13% due to these changes.\nVGM Scores\nAt this time, Westport has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Westport has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.\nPerformance of an Industry Player\nWestport is part of the Zacks Automotive - Original Equipment industry. Over the past month, BorgWarner (BWA), a stock from the same industry, has gained 0.8%. The company reported its results for the quarter ended September 2024 more than a month ago.\nBorgWarner reported revenues of $3.45 billion in the last reported quarter, representing a year-over-year change of -4.8%. EPS of $1.09 for the same period compares with $0.98 a year ago.\nBorgWarner is expected to post earnings of $0.92 per share for the current quarter, representing a year-over-year change of +2.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.6%.\nBorgWarner has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWestport Fuel Systems Inc. (WPRT) : Free Stock Analysis Report\nBorgWarner Inc. (BWA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491322433"}