Analysts predict that Energy Focus, Inc. (NASDAQ:EFOI) will post $5.42 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Energy Focus’ earnings, with estimates ranging from $4.50 million to $6.37 million. Energy Focus posted sales of $7.13 million in the same quarter last year, which suggests a negative year-over-year growth rate of 24%. The business is scheduled to issue 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 $20.90 million to $25.80 million. For the next fiscal year, analysts forecast that the company will report sales of $36.40 million per share, with estimates ranging from $35.80 million to $37.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Energy Focus.

Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.35). The business had revenue of $4.10 million for the quarter, compared to analysts’ expectations of $7.08 million. Energy Focus had a negative net margin of 72.79% and a negative return on equity of 43.14%. The firm’s quarterly revenue was down 51.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.17) earnings per share.

EFOI has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Energy Focus from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. FBR & Co reiterated a “hold” rating on shares of Energy Focus in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Energy Focus currently has an average rating of “Hold” and an average target price of $6.88.

Shares of Energy Focus (NASDAQ EFOI) traded down 0.90% on Friday, reaching $2.20. 38,972 shares of the company were exchanged. The stock’s market capitalization is $25.91 million. Energy Focus has a 12-month low of $2.04 and a 12-month high of $6.32. The firm has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.66.

A number of hedge funds have recently bought and sold shares of EFOI. WealthTrust Axiom LLC boosted its stake in 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 stake in 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. Herald Investment Management Ltd purchased a new stake in Energy Focus during the first quarter valued at about $235,000. Finally, VIEX Capital Advisors LLC purchased a new stake in Energy Focus during the first quarter valued at about $112,000. Institutional investors and hedge funds own 18.00% of the company’s stock.

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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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