$6.30 Million in Sales Expected for eMagin Co. (EMAN) This Quarter
Brokerages expect that eMagin Co. (NYSE:EMAN) will announce $6.30 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for eMagin’s earnings. The lowest sales estimate is $5.60 million and the highest is $7.70 million. eMagin reported sales of $4.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 46.2%. The company is scheduled to issue its next quarterly earnings report on Friday, November 10th.
On average, analysts expect that eMagin will report full year sales of $6.30 million for the current year, with estimates ranging from $22.70 million to $28.50 million. For the next year, analysts anticipate that the firm will report sales of $31.64 million per share, with estimates ranging from $28.00 million to $34.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover eMagin.
eMagin (NYSE:EMAN) last released its quarterly earnings data 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). The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $6.00 million. eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%.
Several equities analysts have issued reports on EMAN shares. Zacks Investment Research cut shares of eMagin from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of eMagin in a research note on Friday, September 15th.
A hedge fund recently bought a new stake in eMagin stock. Virtu KCG Holdings LLC purchased a new position in shares of eMagin Co. (NYSE:EMAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,044 shares of the semiconductor company’s stock, valued at approximately $103,000. Virtu KCG Holdings LLC owned 0.13% of eMagin as of its most recent SEC filing.
eMagin (NYSE:EMAN) remained flat at $2.15 during mid-day trading on Wednesday. The company’s stock had a trading volume of 13,900 shares. The company’s market capitalization is $75.19 million. The firm has a 50-day moving average of $2.17 and a 200 day moving average of $2.36. eMagin has a one year low of $1.85 and a one year high of $3.00.
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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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