Zacks Research Expects Weaker Earnings for China BAK Battery

Key Points

• Zacks Research cut China BAK Battery’s FY2026 EPS estimate to a loss of $0.12 from a projected loss of $0.11, matching the current analyst consensus.
• The company’s latest quarterly results fell short of expectations, with a $0.10 per-share loss versus the anticipated $0.05 loss and revenue of $69.62 million versus estimates of $70.23 million.
• Investor sentiment remains negative: Weiss Ratings reaffirmed a “sell” rating, MarketBeat’s average rating is “Sell,” and the stock has negative profitability metrics, including a 15.32% return on equity and a 7.43% net margin.

China BAK Battery, Inc. (NASDAQ:CBAT - Free Report) - Research analysts at Zacks Research lowered their FY2026 earnings estimates for China BAK Battery in a report released on Tuesday, August 11th. Zacks Research analyst B. Lantier now forecasts that the electronics maker will post earnings per share of ($0.12) for the year, down from their previous estimate of ($0.11). The consensus estimate for China BAK Battery's current full-year earnings is ($0.12) per share.

China BAK Battery (NASDAQ:CBAT - Get Free Report) last issued its quarterly earnings results on Monday, May 18th. The electronics maker reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The company had revenue of $69.62 million for the quarter, compared to analyst estimates of $70.23 million. China BAK Battery had a negative return on equity of 15.32% and a negative net margin of 7.43%.

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of China BAK Battery in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, China BAK Battery currently has an average rating of "Sell".

China BAK Battery Price Performance

Shares of CBAT opened at $0.72 on Monday. China BAK Battery has a fifty-two week low of $0.46 and a fifty-two week high of $1.24. The company's fifty day moving average is $0.60 and its two-hundred day moving average is $0.77. The firm has a market cap of $64.09 million, a PE ratio of -4.02 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 0.08.

Institutional Trading of China BAK Battery

A hedge fund recently raised its stake in China BAK Battery stock. Empowered Funds LLC boosted its holdings in China BAK Battery, Inc. (NASDAQ:CBAT - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 355,536 shares of the electronics maker's stock after buying an additional 28,411 shares during the period. Empowered Funds LLC owned approximately 0.40% of China BAK Battery worth $283,000 at the end of the most recent reporting period. 1.97% of the stock is owned by hedge funds and other institutional investors.

About China BAK Battery

China BAK Battery Inc NASDAQ: CBAT is a China-based developer and manufacturer of rechargeable lithium-ion batteries and related power solutions. The company's core product lines include small, medium and large format batteries, battery modules and pack assemblies designed for consumer electronics, electric vehicles, energy storage systems and other industrial applications. China BAK Battery offers polymer lithium-ion cells, prismatic and cylindrical cells, as well as integrated battery systems tailored to meet the performance requirements of its clients.

Founded in 2001 and headquartered in Shenzhen, China BAK Battery has expanded its manufacturing footprint and research and development capabilities over the years to serve customers across Asia, Europe and North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source