Wall Street analysts expect Energous Corporation (NASDAQ:WATT) to report earnings per share (EPS) of ($0.59) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Energous’ earnings, with estimates ranging from ($0.61) to ($0.57). Energous posted earnings per share of ($0.75) in the same quarter last year, which would indicate a positive year over year growth rate of 21.3%. The company is scheduled to report its next earnings results on Wednesday, March 14th.

On average, analysts expect that Energous will report full-year earnings of ($2.18) per share for the current year, with EPS estimates ranging from ($2.44) to ($1.72). For the next financial year, analysts forecast that the firm will report earnings of ($1.44) per share, with EPS estimates ranging from ($2.32) to ($0.32). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Energous.

Energous (NASDAQ:WATT) last issued its earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.03). The business had revenue of $0.25 million during the quarter, compared to analyst estimates of $1.20 million. Energous had a negative net margin of 4,203.27% and a negative return on equity of 263.95%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Energous from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, August 11th. ValuEngine upgraded Energous from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Roth Capital set a $23.00 price target on Energous and gave the company a “buy” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.67.

Energous (WATT) opened at $8.04 on Thursday. Energous has a twelve month low of $6.91 and a twelve month high of $20.55.

In related news, VP Cesar Johnston sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $12.55, for a total value of $188,250.00. Following the completion of the sale, the vice president now owns 88,991 shares of the company’s stock, valued at approximately $1,116,837.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Neeraj Sahejpal sold 9,867 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $12.53, for a total value of $123,633.51. The disclosure for this sale can be found here. In the last three months, insiders sold 27,713 shares of company stock valued at $338,494. 6.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Energous by 2.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,609 shares of the industrial products company’s stock valued at $303,000 after buying an additional 450 shares in the last quarter. American International Group Inc. grew its stake in shares of Energous by 7.1% in the 1st quarter. American International Group Inc. now owns 9,130 shares of the industrial products company’s stock valued at $142,000 after buying an additional 607 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Energous by 9.1% in the 2nd quarter. Westside Investment Management Inc. now owns 18,025 shares of the industrial products company’s stock valued at $287,000 after buying an additional 1,500 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of Energous by 26.0% in the 2nd quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,216 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Energous by 10.0% during the second quarter. Parametric Portfolio Associates LLC now owns 27,904 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 2,540 shares during the period. 38.97% of the stock is owned by institutional investors and hedge funds.

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Energous Company Profile

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

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Earnings History and Estimates for Energous (NASDAQ:WATT)

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