Brokerages Anticipate Orion Energy Systems, Inc. (OESX) Will Announce Quarterly Sales of $18.55 Million
Equities research analysts expect Orion Energy Systems, Inc. (NASDAQ:OESX) to post sales of $18.55 million for the current quarter, Zacks reports. Three analysts have made estimates for Orion Energy Systems’ earnings, with the highest sales estimate coming in at $20.00 million and the lowest estimate coming in at $17.66 million. Orion Energy Systems posted sales of $20.62 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Orion Energy Systems will report full-year sales of $18.55 million for the current financial year, with estimates ranging from $66.00 million to $69.70 million. For the next fiscal year, analysts forecast that the company will report sales of $77.72 million per share, with estimates ranging from $74.90 million to $80.54 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Orion Energy Systems.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. HC Wainwright reiterated a “buy” rating on shares of Orion Energy Systems in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Orion Energy Systems currently has an average rating of “Hold” and a consensus price target of $1.67.
An institutional investor recently raised its position in Orion Energy Systems stock. Prudential Financial Inc. increased its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 11.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,000 shares of the electronics maker’s stock after buying an additional 10,300 shares during the quarter. Prudential Financial Inc. owned 0.36% of Orion Energy Systems worth $132,000 as of its most recent SEC filing. Institutional investors and hedge funds own 44.30% of the company’s stock.
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Orion Energy Systems Company Profile
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.
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