Brokerages Expect Microvision, Inc. (MVIS) Will Announce Earnings of -$0.07 Per Share

Analysts forecast that Microvision, Inc. (NASDAQ:MVIS) will post earnings of ($0.07) per share for the current quarter, Zacks reports. Two analysts have made estimates for Microvision’s earnings. Microvision reported earnings per share of ($0.09) during the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The business is scheduled to report its next earnings report on Monday, March 5th.

On average, analysts expect that Microvision will report full year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.29). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.32) to ($0.24). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Microvision.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $6.09 million during the quarter, compared to analysts’ expectations of $5.24 million. Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share.

A number of research analysts have recently issued reports on MVIS shares. Zacks Investment Research cut shares of Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. HC Wainwright set a $4.00 target price on shares of Microvision and gave the company a “buy” rating in a research note on Thursday, November 16th. S&P Equity Research lifted their target price on shares of Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. Finally, ValuEngine cut shares of Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Microvision presently has a consensus rating of “Hold” and a consensus price target of $3.34.

Microvision (MVIS) traded up $0.02 during trading hours on Friday, hitting $1.47. 619,014 shares of the stock were exchanged, compared to its average volume of 689,705. Microvision has a 52 week low of $1.15 and a 52 week high of $3.25. The company has a market capitalization of $113.96, a PE ratio of -4.59 and a beta of -0.04.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Microvision by 40.0% in the second quarter. Vanguard Group Inc. now owns 2,774,797 shares of the electronics maker’s stock valued at $5,883,000 after acquiring an additional 793,102 shares during the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Microvision in the second quarter valued at approximately $13,997,000. State Treasurer State of Michigan increased its holdings in shares of Microvision by 8.2% in the third quarter. State Treasurer State of Michigan now owns 3,144,199 shares of the electronics maker’s stock valued at $8,741,000 after purchasing an additional 238,095 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Microvision by 416.2% in the second quarter. Bank of New York Mellon Corp now owns 226,812 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 182,877 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Microvision by 462.3% in the second quarter. Northern Trust Corp now owns 777,714 shares of the electronics maker’s stock valued at $1,648,000 after purchasing an additional 639,411 shares in the last quarter. Institutional investors own 30.62% of the company’s stock.

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Microvision Company Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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