Wall Street analysts expect Orion Energy Systems, Inc. (NASDAQ:OESX) to post ($0.09) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Orion Energy Systems’ earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.09). Orion Energy Systems reported earnings of ($0.11) per share during the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, November 13th.
On average, analysts expect that Orion Energy Systems will report full year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.29) to ($0.23). For the next financial year, analysts forecast that the firm will report earnings of ($0.07) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Orion Energy Systems.
Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Tuesday, August 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The business had revenue of $13.82 million during the quarter, compared to analyst estimates of $14.80 million. Orion Energy Systems had a negative net margin of 15.03% and a negative return on equity of 35.90%.
A number of research firms have issued reports on OESX. Zacks Investment Research lowered Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 11th. HC Wainwright set a $2.00 target price on Orion Energy Systems and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Roth Capital set a $1.00 target price on Orion Energy Systems and gave the company a “hold” rating in a report on Tuesday, August 7th.
An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC raised its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,071,400 shares of the electronics maker’s stock after buying an additional 67,200 shares during the quarter. Renaissance Technologies LLC owned 3.64% of Orion Energy Systems worth $1,179,000 at the end of the most recent quarter. 41.06% of the stock is owned by institutional investors.
OESX remained flat at $$0.88 during midday trading on Monday. The company’s stock had a trading volume of 10,917 shares, compared to its average volume of 71,422. The firm has a market cap of $25.89 million, a price-to-earnings ratio of -2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.64 and a quick ratio of 1.08. Orion Energy Systems has a 12-month low of $0.70 and a 12-month high of $1.25.
Orion Energy Systems Company Profile
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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