For the quarter ended March 2024, Ballard Power Systems (BLDP Quick QuoteBLDP - Free Report) reported revenue of $14.45 million, up 8.7% over the same period last year. EPS came in at -$0.14, compared to -$0.11 in the year-ago quarter.

The reported revenue represents a surprise of -12.43% over the Zacks Consensus Estimate of $16.5 million. With the consensus EPS estimate being -$0.13, the EPS surprise was -7.69%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Ballard performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Fuel Cell Products & Services- Stationary: $3.70 million versus $2.30 million estimated by two analysts on average.
• Revenue- Fuel Cell Products & Services- Heavy-Duty Mobility: $10.60 million compared to the $10.20 million average estimate based on two analysts.
• Revenue- Fuel Cell Products & Services- Emerging and Other Markets: $0.20 million versus $2.70 million estimated by two analysts on average.

View all Key Company Metrics for Ballard here>>>

Shares of Ballard have returned -9.9% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.