Brokerages Anticipate eMagin Co. (EMAN) Will Announce Earnings of -$0.05 Per Share
Analysts predict that eMagin Co. (NYSE:EMAN) will announce ($0.05) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for eMagin’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). eMagin posted earnings per share of ($0.08) in the same quarter last year, which indicates 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.
On average, analysts expect that eMagin will report full year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.22). For the next financial year, analysts forecast that the firm will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.08). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover eMagin.
eMagin (NYSE:EMAN) last announced its earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02). eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%. The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $6.00 million.
A number of research firms have recently weighed in on EMAN. Zacks Investment Research downgraded shares of eMagin from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. HC Wainwright set a $4.00 price target on shares of eMagin and gave the company a “buy” rating in a research note on Friday, August 11th.
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eMagin (NYSE:EMAN) opened at 2.15 on Monday. The firm has a 50 day moving average of $2.17 and a 200-day moving average of $2.36. The company’s market capitalization is $75.19 million. eMagin has a 52 week low of $1.85 and a 52 week high of $3.00.
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 second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,261,000 shares of the semiconductor company’s stock, valued at approximately $7,989,000. eMagin comprises 1.3% of AWM Investment Company Inc.’s holdings, making the stock its 25th biggest position. AWM Investment Company Inc. owned approximately 9.32% of eMagin at the end of the most recent reporting period.
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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