Analysts forecast that Microvision, Inc. (NASDAQ:MVIS) will announce $3.68 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Microvision’s earnings, with estimates ranging from $2.85 million to $4.50 million. Microvision posted sales of $4.00 million in the same quarter last year, which suggests a negative year over year growth rate of 8%. The business is expected to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that Microvision will report full year sales of $3.68 million for the current financial year, with estimates ranging from $10.15 million to $13.75 million. For the next year, analysts forecast that the firm will report sales of $23.46 million per share, with estimates ranging from $21.00 million to $25.92 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover Microvision.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. The company had revenue of $1.50 million for the quarter, compared to analyst estimates of $0.74 million. Microvision had a negative return on equity of 677.56% and a negative net margin of 224.93%. The business’s quarterly revenue was down 64.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) earnings per share.

Several research firms have recently weighed in on MVIS. HC Wainwright set a $4.00 target price on shares of Microvision and gave the stock a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of Microvision from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research report on Wednesday, July 19th. ValuEngine raised shares of Microvision from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Northland Securities set a $3.00 target price on shares of Microvision and gave the stock a “buy” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $3.56.

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in shares of Microvision by 13.7% during 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 buying an additional 5,283 shares during the last quarter. Segantii Capital Management Ltd bought a new stake in shares of Microvision during the 1st quarter valued at about $116,000. Voya Investment Management LLC bought a new stake in shares of Microvision during the 2nd quarter valued at about $101,000. Rhumbline Advisers bought a new stake in shares of Microvision during the 2nd quarter valued at about $139,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Microvision during the 2nd quarter valued at about $250,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Microvision (NASDAQ:MVIS) opened at 3.07 on Friday. The stock’s market cap is $219.80 million. The firm’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.16. Microvision has a one year low of $0.89 and a one year high of $3.09.

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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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