Energy Focus (NASDAQ:EFOI) Posts Quarterly Earnings Results, Beats Estimates By $1.68 EPS

Energy Focus (NASDAQ:EFOIGet Free Report) released its quarterly earnings data on Tuesday. The construction company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.82) by $1.68, FiscalAI reports. The company had revenue of $3.75 million for the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative return on equity of 41.32% and a negative net margin of 23.77%.

Energy Focus Trading Down 0.3%

EFOI stock traded down $0.01 during midday trading on Thursday, reaching $3.02. The stock had a trading volume of 906 shares, compared to its average volume of 1,177,956. The company’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $2.82. The company has a market cap of $19.03 million, a price-to-earnings ratio of -12.08 and a beta of 2.16. Energy Focus has a 52-week low of $1.66 and a 52-week high of $9.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Analysis on EFOI

Hedge Funds Weigh In On Energy Focus

Large investors have recently modified their holdings of the business. DRW Securities LLC acquired a new stake in shares of Energy Focus during the fourth quarter worth about $37,000. Citadel Advisors LLC purchased a new position in Energy Focus in the third quarter valued at about $37,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Energy Focus during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 3.67% of the company’s stock.

About Energy Focus

(Get Free Report)

Energy Focus, Inc is a United States–based innovator in sustainable lighting and disinfection solutions. The company designs, manufactures and sells high-performance LED lighting fixtures and lamps tailored for commercial, industrial and specialty applications. In addition to energy-efficient illumination products, Energy Focus offers ultraviolet-C (UV-C) germicidal lighting systems designed to inactivate microbes on surfaces and in the air, addressing growing demand for hygienic environments in healthcare, education, transportation and other sectors.

Founded in 1985 as a spin-out of U.S.

Further Reading

Earnings History for Energy Focus (NASDAQ:EFOI)

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