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Westport Fuel Systems Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St
·1-min read

Westport Fuel Systems (TSE:WPRT) Full Year 2022 Results

Key Financial Results

  • Revenue: US$305.7m (down 2.1% from FY 2021).

  • Net loss: US$32.7m (down by 339% from US$13.7m profit in FY 2021).

  • US$0.19 loss per share (down from US$0.085 profit in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Westport Fuel Systems Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Canada.

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Performance of the Canadian Machinery industry.

The company's shares are down 30% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Westport Fuel Systems' balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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