Wall Street analysts forecast that Energy Focus, Inc. (NASDAQ:EFOI) will post sales of $5.42 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Energy Focus’ earnings. The highest sales estimate is $6.37 million and the lowest is $4.50 million. Energy Focus reported sales of $7.13 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 24%. The company is expected to announce its next quarterly earnings results before the market opens on Wednesday, August 9th.

On average, analysts expect that Energy Focus will report full-year sales of $5.42 million for the current year, with estimates ranging from $20.90 million to $25.80 million. For the next fiscal year, analysts anticipate that the firm will report sales of $36.40 million per share, with estimates ranging from $35.80 million to $37.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Energy Focus.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Thursday, May 4th. The construction company reported ($0.35) EPS for the quarter, hitting the consensus estimate of ($0.35). Energy Focus had a negative return on equity of 43.14% and a negative net margin of 72.79%. The company had revenue of $4.10 million during the quarter, compared to the consensus estimate of $7.08 million. During the same period last year, the company earned ($0.17) EPS. Energy Focus’s revenue for the quarter was down 51.2% on a year-over-year basis.

EFOI has been the subject of a number of research analyst reports. Zacks Investment Research cut Energy Focus from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. FBR & Co decreased their price target on Energy Focus from $4.50 to $3.50 and set a “mkt perform” rating for the company in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.88.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Herald Investment Management Ltd purchased a new position in shares of Energy Focus during the first quarter valued at about $235,000. VIEX Capital Advisors LLC purchased a new position in shares of Energy Focus during the first quarter valued at about $112,000. WealthTrust Axiom LLC boosted its position in shares of Energy Focus by 6.5% in the second quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock valued at $1,117,000 after buying an additional 26,054 shares during the last quarter. Finally, 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 during the last quarter. Hedge funds and other institutional investors own 18.18% 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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