Analysts Anticipate Microvision, Inc. (MVIS) Will Post Earnings of -$0.10 Per Share
Equities analysts expect Microvision, Inc. (NASDAQ:MVIS) to post earnings of ($0.10) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Microvision’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.09). Microvision reported earnings per share of ($0.07) in the same quarter last year, which indicates a negative year over year growth rate of 42.9%. The company is expected to announce its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Microvision will report full year earnings of ($0.35) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.32). For the next fiscal year, analysts forecast that the business will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.31) to ($0.22). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Microvision.
Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, April 27th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.01. Microvision had a negative net margin of 112.39% and a negative return on equity of 4,079.47%. The company had revenue of $0.79 million for the quarter, compared to the consensus estimate of $1.09 million. During the same period last year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was down 78.6% on a year-over-year basis.
MVIS has been the topic of several analyst reports. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Microvision in a report on Tuesday, April 25th. Zacks Investment Research lowered shares of Microvision from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd.
Microvision (NASDAQ:MVIS) remained flat at $2.11 on Wednesday. The stock had a trading volume of 427,438 shares. The company’s 50-day moving average price is $2.29 and its 200 day moving average price is $1.71. Microvision has a one year low of $0.89 and a one year high of $2.94. The firm’s market cap is $143.74 million.
A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of Microvision by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock valued at $109,000 after buying an additional 5,283 shares during the period. Segantii Capital Management Ltd purchased a new stake in shares of Microvision during the first quarter valued at approximately $116,000. Morgan Stanley increased its stake in shares of Microvision by 49.0% in the first quarter. Morgan Stanley now owns 47,634 shares of the electronics maker’s stock valued at $118,000 after buying an additional 15,667 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Microvision by 92.5% in the first quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock valued at $1,158,000 after buying an additional 223,582 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Microvision during the first quarter valued at approximately $1,301,000. 20.30% of the stock is currently owned by hedge funds and other institutional investors.
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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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