Brokerages forecast that Energy Focus, Inc. (NASDAQ:EFOI) will post $6.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Energy Focus’ earnings, with the lowest sales estimate coming in at $5.50 million and the highest estimate coming in at $6.50 million. Energy Focus posted sales of $8.26 million in the same quarter last year, which suggests a negative year over year growth rate of 24.9%. The business is scheduled to issue its next earnings report on Monday, November 13th.

On average, analysts expect that Energy Focus will report full-year sales of $6.20 million for the current year, with estimates ranging from $22.10 million to $25.23 million. For the next year, analysts forecast that the business will report sales of $35.50 million per share, with estimates ranging from $34.00 million to $37.00 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Energy Focus.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.15. Energy Focus had a negative net margin of 72.83% and a negative return on equity of 43.27%. The company had revenue of $6.01 million for the quarter, compared to the consensus estimate of $5.24 million. During the same period in the previous year, the firm earned ($0.34) EPS. Energy Focus’s revenue was down 15.6% on a year-over-year basis.

EFOI has been the subject of a number of recent research reports. ValuEngine cut Energy Focus from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Energy Focus from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Roth Capital set a $2.00 price objective on Energy Focus and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Energy Focus in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.75.

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Shares of Energy Focus (NASDAQ:EFOI) opened at 2.18 on Friday. Energy Focus has a 52-week low of $1.51 and a 52-week high of $5.32. The firm’s 50 day moving average is $2.43 and its 200-day moving average is $2.60. The company’s market capitalization is $25.84 million.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC raised its stake in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,994 shares of the construction company’s stock after buying an additional 26,054 shares during the quarter. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 at the end of the most recent quarter. 16.83% of the stock is currently owned by institutional investors and hedge funds.

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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