Wall Street brokerages expect Microvision, Inc. (NASDAQ:MVIS) to report $5.93 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Microvision’s earnings. The highest sales estimate is $7.00 million and the lowest is $4.86 million. Microvision reported sales of $2.91 million in the same quarter last year, which would suggest a positive year over year growth rate of 103.8%. The business is scheduled to announce its next earnings report on Monday, March 5th.
On average, analysts expect that Microvision will report full-year sales of $5.93 million for the current year, with estimates ranging from $13.19 million to $13.75 million. For the next fiscal year, analysts anticipate that the firm will post sales of $23.27 million per share, with estimates ranging from $21.00 million to $25.54 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Microvision.
Microvision (NASDAQ:MVIS) last released its earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $6.09 million during the quarter, compared to the consensus estimate of $5.24 million. Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share.
Shares of Microvision (NASDAQ MVIS) opened at $1.52 on Tuesday. Microvision has a 52-week low of $1.01 and a 52-week high of $3.25.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MVIS. Voya Investment Management LLC bought a new stake in Microvision in the second quarter valued at about $101,000. Rhumbline Advisers bought a new stake in Microvision in the second quarter valued at about $139,000. Schwab Charles Investment Management Inc. bought a new stake in Microvision in the second quarter valued at about $250,000. California State Teachers Retirement System bought a new stake in Microvision in the second quarter valued at about $256,000. Finally, Teachers Advisors LLC bought a new stake in Microvision in the second quarter valued at about $256,000. Institutional investors and hedge funds own 30.62% of the company’s stock.
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Microvision Company Profile
Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.
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