Ballard Power Sys (BLDP-Q) Analyst Research & Price Targets - The Globe and Mail

Earnings Estimates

	Current Qtr06/2026	Next Qtr09/2026	Fiscal Yr12/2026	Fiscal Yr12/2027
Average Estimate	$-0.04	$-0.05	$-0.16	$-0.12
Number of Estimates	3	4	2	2
High Estimate	$-0.03	$-0.03	$-0.12	$-0.09
Low Estimate	$-0.05	$-0.06	$-0.19	$-0.15
Prior Year	$-0.08	$-0.09	$-0.30	$-0.16
Growth Rate Est. (year over year)	+50.00%	+44.44%	+46.67%	+25.00%

Earnings History - Surprises*

	Qtr Ending03/2026	Qtr Ending12/2025	Qtr Ending09/2025	Qtr Ending06/2025
Reported	$-0.04	$-0.06	$-0.09	$-0.08
Estimate	$-0.06	$-0.07	$-0.11	$-0.10
Difference	+0.02	+0.01	+0.02	+0.02
Surprise	+33.33%	+14.29%	+18.18%	+20.00%

* Earnings are based on GAAP income from continuing operations.

Average Analyst Ratings

2.60

3 Mths Ago15

2.73

2 Mths Ago15

2.85

1 Mth Ago13

2.85

Current13

Ratings Values:

Strong Buy5

Moderate Buy4

Hold3

Moderate Sell2

Strong Sell1

Ratings Breakdown

	3 Mths Ago	2 Mths Ago	1 Mth Ago	Current
# of Analysts:	15	15	13	13
		1	1	1
Holds	12	11	10	10
	3	3	2	2

Key:

Strong Buy

Moderate Buy

Hold

Moderate Sell

Strong Sell

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