Analysts Expect eMagin Co. (EMAN) to Announce -$0.05 EPS
Equities research analysts forecast that eMagin Co. (NYSE:EMAN) will post ($0.05) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for eMagin’s earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.06). eMagin posted earnings per share of ($0.08) in the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The company is expected to announce its next quarterly earnings report on Friday, November 10th.
According to Zacks, analysts expect that eMagin will report full-year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.23) to ($0.22). For the next year, analysts anticipate that the firm will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.08). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for eMagin.
eMagin (NYSE:EMAN) last announced its earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. The company had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $6.00 million.
A number of equities analysts have recently weighed in on the stock. HC Wainwright assumed coverage on shares of eMagin in a research report on Saturday, June 24th. They set a “buy” rating and a $4.00 price target on the stock. Rodman & Renshaw restated a “buy” rating and issued a $4.00 price objective on shares of eMagin in a research report on Friday, June 23rd. Finally, Zacks Investment Research downgraded eMagin from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th.
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An institutional investor recently bought a new position in eMagin stock. AWM Investment Company Inc. acquired a new stake in eMagin Co. (NYSE:EMAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,261,000 shares of the semiconductor company’s stock, valued at approximately $7,989,000. eMagin comprises about 1.3% of AWM Investment Company Inc.’s holdings, making the stock its 25th biggest holding. AWM Investment Company Inc. owned approximately 9.32% of eMagin as of its most recent SEC filing.
Shares of eMagin (NYSE:EMAN) traded up 2.33% during trading on Wednesday, reaching $2.20. The company had a trading volume of 9,082 shares. The firm’s market capitalization is $76.94 million. eMagin has a 52-week low of $1.85 and a 52-week high of $3.00. The company has a 50 day moving average of $2.14 and a 200-day moving average of $2.37.
eMagin Company Profile
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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