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Westport's (WPRT) eco-friendly product portfolio and cost reduction are set to boost its prospects. Elevated production costs and rising operational expenses are headwinds.
While Westport (WPRT) posts wider-than-expected loss per share in Q4, revenues during the quarter beat estimates and also rise year over year.
Westport Fuel Systems Inc. reports disappointing Q4 earnings with an 81 cents per share loss, causing the stock to fall. WPRT signs a joint venture with Volvo Group to accelerate the commercialization of its HPDI field system technology. WPRT stock has been on a downward trend, with a reverse stock split in 2023, but its low share price presents an attractive valuation opportunity.
Westport Innovations (WPRT) came out with a quarterly loss of $0.81 per share versus the Zacks Consensus Estimate of a loss of $0.62. This compares to loss of $1 per share a year ago.
The alliance between Westport (WPRT) and Volvo is driven by a shared vision for a cleaner future, aiming to deliver tangible solutions for decarbonizing the crucial long-haul and off-road transport segments.
VANCOUVER, BC , March 4, 2024 /PRNewswire/ - Westport Fuel Systems Inc. (TSX: WPRT ) (Nasdaq: WPRT) announces it will release financial results for the fourth quarter of 2023 on Monday, March 18, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, March 19, 2024.
Westport (WPRT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Westport (WPRT) receives a development contract from a global heavy truck manufacturer to modify the Next Generation LNG HPDI fuel system.
Westport's (WPRT) loss per share narrows year over year in the third quarter thanks to higher sales from the OEM segment.
Westport Fuel Systems Inc. (NASDAQ:WPRT ) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Ashley Nuell - Investor Relations Tony Guglielmin - Chief Executive Officer and Director Bill Larkin - Chief Financial Officer Conference Call Participants Chris Dendrinos - RBC Capital Markets Colin Rusch - Oppenheimer Eric Stine - Craig-Hallum Sameer Joshi - H.C. Wainwright Rob Brown - Lake Street Capital Markets Bill Peterson - JPMorgan Operator Good morning.