Equities analysts predict that Microvision, Inc. (NASDAQ:MVIS) will announce $3.68 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Microvision’s earnings. The highest sales estimate is $4.50 million and the lowest is $2.85 million. Microvision reported sales of $4.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The company is expected to report its next earnings results 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 financial year, analysts anticipate that the company will report sales of $23.46 million per share, with estimates ranging from $21.00 million to $25.92 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Microvision.

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

Several research analysts have issued reports on MVIS shares. HC Wainwright set a $4.00 target price on Microvision and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded 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 upgraded 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 Microvision and gave the company a “buy” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $3.50.

Several hedge funds and other institutional investors have recently made changes to their positions in MVIS. Bank of New York Mellon Corp boosted its holdings in shares of Microvision by 13.7% in the first 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Microvision by 92.5% in the first quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock valued at $1,158,000 after purchasing an additional 223,582 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in shares of Microvision in the second quarter valued at approximately $250,000. Rhumbline Advisers purchased a new stake in shares of Microvision in the second quarter valued at approximately $139,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Microvision in the second quarter valued at approximately $256,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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Shares of Microvision (NASDAQ:MVIS) traded up 0.82% during midday trading on Tuesday, reaching $2.46. The company had a trading volume of 59,809 shares. The stock has a 50-day moving average of $2.66 and a 200 day moving average of $2.31. Microvision has a 52 week low of $0.89 and a 52 week high of $3.25. The firm’s market capitalization is $176.13 million.

About Microvision

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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