$5.42 Million in Sales Expected for Energy Focus Inc (EFOI) This Quarter
Wall Street brokerages expect Energy Focus Inc (NASDAQ:EFOI) to announce $5.42 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Energy Focus’ earnings, with the lowest sales estimate coming in at $4.5 million and the highest estimate coming in at $6.37 million. Energy Focus posted sales of $7.13 million during the same quarter last year, which suggests a negative year over year growth rate of 24%. The firm is scheduled to announce its next earnings results on Thursday, August 10th.
On average, analysts expect that Energy Focus will report full year sales of $5.42 million for the current financial year, with estimates ranging from $20.9 million to $25.8 million. For the next year, analysts expect that the firm will report sales of $36.4 million per share, with estimates ranging from $35.8 million to $37 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Energy Focus.
Energy Focus (NASDAQ:EFOI) last posted its earnings results on Thursday, May 4th. The construction company reported ($0.35) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.35). The firm had revenue of $4.10 million for the quarter, compared to analyst estimates of $7.08 million. Energy Focus had a negative return on equity of 17.84% and a negative net margin of 18.99%. The company’s revenue for the quarter was down 51.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.17) earnings per share.
A number of analysts have commented on EFOI shares. Zacks Investment Research cut shares of Energy Focus from a “hold” rating to a “sell” rating in a research report on Tuesday, February 28th. FBR & Co cut their price target on shares of Energy Focus from $4.50 to $3.50 and set a “mkt perform” rating on the stock in a research report on Friday, May 5th. Finally, Roth Capital set a $3.00 price target on shares of Energy Focus and gave the company a “hold” rating in a research report on Monday, March 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.88.
Energy Focus (NASDAQ:EFOI) traded down 1.20% on Friday, reaching $3.30. The company’s stock had a trading volume of 4,184 shares. The company’s market cap is $38.87 million. Energy Focus has a 12 month low of $2.45 and a 12 month high of $6.48. The stock’s 50 day moving average price is $3.13 and its 200 day moving average price is $3.99.
Institutional investors have recently made changes to their positions in the stock. WealthTrust Axiom LLC boosted its position in shares of Energy Focus by 6.0% in the first quarter. WealthTrust Axiom LLC now owns 398,940 shares of the construction company’s stock valued at $1,312,000 after buying an additional 22,750 shares in the last quarter. Cambridge Advisors Inc. boosted its position in shares of Energy Focus by 3.0% in the first quarter. Cambridge Advisors Inc. now owns 92,778 shares of the construction company’s stock valued at $305,000 after buying an additional 2,732 shares in the last quarter. VIEX Capital Advisors LLC bought a new position in shares of Energy Focus during the first quarter valued at about $112,000. Geode Capital Management LLC boosted its position in shares of Energy Focus by 0.4% in the first quarter. Geode Capital Management LLC now owns 44,670 shares of the construction company’s stock valued at $146,000 after buying an additional 162 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Energy Focus by 1.0% in the first quarter. Vanguard Group Inc. now owns 432,588 shares of the construction company’s stock valued at $1,424,000 after buying an additional 4,427 shares in the last quarter. Institutional investors own 18.02% of the company’s stock.
About Energy Focus
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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