-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下:JKHY公佈了強勁的3月季度業績,GAAP每股收益為1.71美元,高於去年同期的1.52美元,超出市場預期0.22美元;營收為6.36億美元(增長9%),也高於市場預期的6.19億美元。各業務板塊表現均衡,服務與支援業務成長10%,處理業務成長7%,其中快速支付業務收入飆升46%,數位/交易業務收入成長10%,這些高成長領域推動了整體績效成長。該公司在3月季度達成了17項極具競爭力的核心交易,創下七年來第三季新核心交易量的最佳紀錄,反映出市場對JKHY技術路線圖的高度認可。營運槓桿效應仍顯著,調整後營業收入成長7%至1.41億美元,同時維持了22.9%的穩定營業利潤率。資產負債表顯示,公司持續去槓桿化,總負債從前一年的 1.7 億美元降至 9,000 萬美元。該公司年初至今產生了 4.59 億美元的強勁經營現金流,同時也投入 2.84 億美元用於股票回購,顯示公司對業務前景充滿信心。
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Research Alert: CFRA Maintains Hold Rating On Shares Of Ballard Power System Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price from CAD4.20 to CAD6.40, applying a price-to-sales multiple of 13x our 2026 sales-per-share view (CAD0.49 using a USD/CAD exchange rate of 0.73x). We adjust our 2026 loss per share (LPS) estimate to -USD0.19 from -USD0.23 and our 2027 LPS view to -USD0.11 from -USD0.15. BLDP reported Q1 2026 revenue of USD19.4M, up 26% Y/Y, driven by strong growth in rail (up 4,472% to USD5.1M) and stationary power (up 775% to USD5.2M), though Bus revenue declined 46% to USD6.8M due to delivery timing and EU funding delays. Q1 results showed encouraging metrics, and we see potential upside from major design wins with Wrightbus and Solaris for next-generation hydrogen bus platforms and a multiyear 50 MW agreement with New Flyer. However, its declining backlog remains a concern. The 12-month order book declined 2% to USD52.8M, while the total backlog fell 5% to USD112.9M. We applaud improving gross margin trends, reflecting successful execution of its cost reduction initiatives.
Research Alert: CFRA Maintains Hold Rating On Shares Of Ballard Power System Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price from $3.00 to $4.70, applying a price-to-sales multiple of 13x our 2026 sales-per-share view of $0.36. We adjust our 2026 loss per share (LPS) estimate to -$0.19 from -$0.23 and our 2027 LPS view to -$0.11 from -$0.15. BLDP reported Q1 2026 revenue of $19.4M, up 26% Y/Y, driven by strong growth in rail (up 4,472% to $5.1M) and stationary power (up 775% to $5.2M), though Bus revenue declined 46% to $6.8M due to delivery timing and EU funding delays. Q1 results showed encouraging metrics, and we see potential upside from major design wins with Wrightbus and Solaris for next-generation hydrogen bus platforms and a multiyear 50 MW agreement with New Flyer. However, its declining backlog remains a concern. The 12-month order book declined 2% to $52.8M, while the total backlog fell 5% to $112.9M. We applaud improving gross margin trends, reflecting successful execution of its cost reduction initiatives.