-$0.09 EPS Expected for Microvision, Inc. (MVIS) This Quarter
Equities research analysts expect that Microvision, Inc. (NASDAQ:MVIS) will post earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Microvision’s earnings, with estimates ranging from ($0.10) to ($0.08). Microvision reported earnings of ($0.08) per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.5%. The business is scheduled to announce its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Microvision will report full year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.29). For the next financial year, analysts expect that the firm will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.32) to ($0.19). Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Microvision.
Microvision (NASDAQ:MVIS) last released its quarterly earnings results on Thursday, August 3rd. The electronics maker reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.50 million for the quarter, compared to analyst estimates of $0.74 million. Microvision had a negative net margin of 224.93% and a negative return on equity of 677.56%. The company’s revenue for the quarter was down 64.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share.
MVIS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Microvision from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Wednesday, July 19th. Northland Securities set a $3.00 price target on shares of Microvision and gave the company a “buy” rating in a research note on Friday, August 4th. HC Wainwright set a $4.00 price target on shares of Microvision and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of Microvision from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Microvision has an average rating of “Buy” and a consensus price target of $3.56.
Microvision (MVIS) traded up 16.12% during trading on Thursday, reaching $2.81. 2,604,307 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $2.25 and its 200 day moving average price is $2.15. Microvision has a 52-week low of $0.89 and a 52-week high of $2.94. The firm’s market cap is $201.18 million.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Microvision by 13.7% in the 1st quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock valued at $109,000 after purchasing an additional 5,283 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Microvision in the 1st quarter valued at approximately $116,000. Voya Investment Management LLC acquired a new stake in shares of Microvision in the 2nd quarter valued at approximately $101,000. Rhumbline Advisers acquired a new stake in shares of Microvision in the 2nd quarter valued at approximately $139,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Microvision in the 2nd quarter valued at approximately $250,000. Institutional investors own 27.12% of the company’s stock.
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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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