Westport Fuel Systems Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Westport Fuel Systems (TSE:WPRT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$83.4m (down 1.9% from 2Q 2023).
• Net income: US$5.82m (up from US$13.2m loss in 2Q 2023).
• Profit margin: 7.0% (up from net loss in 2Q 2023).
• EPS: US$0.34 (up from US$0.77 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Westport Fuel Systems EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Machinery industry in Canada.

Performance of the Canadian Machinery industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Westport Fuel Systems has 2 warning signs we think you should be aware of.

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