Orion Energy Systems, Inc. (NASDAQ:OESX) is set to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.04). The firm had revenue of $12.56 million during the quarter, compared to analyst estimates of $15.94 million. Orion Energy Systems had a negative net margin of 23.70% and a negative return on equity of 37.61%. On average, analysts expect Orion Energy Systems to post $-0.48 EPS for the current fiscal year and $-0.06 EPS for the next fiscal year.

Shares of Orion Energy Systems, Inc. (NASDAQ:OESX) traded up 8.89% during midday trading on Tuesday, reaching $0.98. 1,996 shares of the company were exchanged. The stock’s market capitalization is $28.19 million. Orion Energy Systems, Inc. has a 52-week low of $0.85 and a 52-week high of $2.57. The company’s 50-day moving average price is $1.09 and its 200 day moving average price is $1.23.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/24/orion-energy-systems-inc-oesx-set-to-announce-quarterly-earnings-on-tuesday.html.

Several research analysts have commented on OESX shares. HC Wainwright set a $3.00 target price on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Monday, August 7th. ValuEngine cut shares of Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Orion Energy Systems presently has a consensus rating of “Hold” and a consensus price target of $2.00.

In other Orion Energy Systems news, insider John H. Scribante sold 49,500 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $1.11, for a total value of $54,945.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John H. Scribante sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total transaction of $39,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 141,000 shares of company stock valued at $148,515. 9.20% of the stock is owned by insiders.

About Orion Energy Systems

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

Earnings History for Orion Energy Systems (NASDAQ:OESX)

Receive News & Ratings for Orion Energy Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.