Zacks Small Cap Issues Pessimistic Outlook for CBAT Earnings

Key Points

• Analysts at Zacks Small Cap have lowered their earnings per share estimate for China BAK Battery (NASDAQ: CBAT) in Q4 2026 from $0.05 to $0.04.
• Despite the lowered estimates, Wall Street Zen upgraded China BAK Battery from a "sell" to a "hold" rating in June.
• The company reported an earnings surprise of $0.01, with revenues reaching $40.52 million in their latest earnings announcement.

China BAK Battery, Inc. (NASDAQ:CBAT - Free Report) - Zacks Small Cap dropped their Q4 2026 earnings per share estimates for shares of China BAK Battery in a research report issued to clients and investors on Tuesday, August 19th. Zacks Small Cap analyst B. Lantier now forecasts that the electronics maker will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for China BAK Battery's current full-year earnings is $0.19 per share.

Separately, Wall Street Zen upgraded China BAK Battery from a "sell" rating to a "hold" rating in a report on Saturday, June 14th.

China BAK Battery Price Performance

Shares of NASDAQ CBAT traded up $0.0010 during mid-day trading on Wednesday, reaching $0.9910. The company had a trading volume of 122,663 shares, compared to its average volume of 219,958. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $87.85 million, a PE ratio of -9.91 and a beta of 1.70. The company has a 50-day moving average price of $1.06 and a two-hundred day moving average price of $0.92. China BAK Battery has a 1-year low of $0.5670 and a 1-year high of $1.30.

China BAK Battery (NASDAQ:CBAT - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The electronics maker reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. China BAK Battery had a negative return on equity of 7.54% and a negative net margin of 6.29%.The company had revenue of $40.52 million for the quarter, compared to the consensus estimate of $33.56 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in shares of China BAK Battery by 8.7% during the first quarter. Empowered Funds LLC now owns 355,536 shares of the electronics maker's stock valued at $283,000 after buying an additional 28,411 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of China BAK Battery during the first quarter valued at $27,000. Bridgeway Capital Management LLC grew its holdings in shares of China BAK Battery by 2.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 687,125 shares of the electronics maker's stock valued at $646,000 after buying an additional 16,788 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of China BAK Battery during the fourth quarter valued at $96,000. Hedge funds and other institutional investors own 1.97% of the company's stock.

About China BAK Battery

CBAK Energy Technology, Inc, together with its subsidiaries, manufacture, commercialization, and distribution of lithium ion high power rechargeable batteries in Mainland China, the United States, Europe, and internationally. The company operates in two segments, CBAK and Hitrans. Its lithium batteries are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles, such as electric bicycles, electric motors, electric tricycles, and smaller-sized electric cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools.