|Bid||1.5400 x N/A|
|Ask||1.5700 x N/A|
|Day's Range||1.5000 - 1.7500|
|52 Week Range||1.2500 - 6.2000|
|Beta (5Y Monthly)||2.98|
|PE Ratio (TTM)||8.56|
|Earnings Date||Nov 07, 2022 - Nov 11, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.72|
After jumping yesterday on the weekend's news regarding the Inflation Reduction Act, shares of Westport Fuel Systems (NASDAQ: WPRT) are giving back most of those gains today. As of 3:01 p.m. ET, Westport's stock is down 22.3%. The stock's move today reflects investors' reactions to the second-quarter 2022 earnings report that the company, a manufacturer of clean energy automotive parts, released after the market closed on Monday.
Westport (WPRT) incurs a loss in the second quarter that compares unfavorably with the year-ago profit figure. The top line sees a nominal increase.
Westport (WPRT) delivered earnings and revenue surprises of 12.50% and 3.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?