Energy Focus Inc (EFOI) Expected to Announce Quarterly Sales of $5.83 Million

Wall Street brokerages predict that Energy Focus Inc (NASDAQ:EFOI) will post sales of $5.83 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Energy Focus’ earnings, with the highest sales estimate coming in at $6.20 million and the lowest estimate coming in at $5.50 million. Energy Focus posted sales of $7.19 million during the same quarter last year, which would indicate a negative year over year growth rate of 18.9%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Energy Focus will report full-year sales of $5.83 million for the current year, with estimates ranging from $20.60 million to $21.30 million. For the next year, analysts expect that the firm will report sales of $32.45 million per share, with estimates ranging from $27.00 million to $37.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Energy Focus.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Wednesday, November 8th. The construction company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.03. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%.

A number of equities analysts recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Energy Focus in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Energy Focus from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research report on Monday, November 13th. HC Wainwright reaffirmed a “buy” rating and set a $6.00 target price on shares of Energy Focus in a research report on Thursday, November 9th. ValuEngine lowered shares of Energy Focus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Finally, Roth Capital set a $2.00 price target on shares of Energy Focus and gave the company a “hold” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Energy Focus has a consensus rating of “Hold” and an average target price of $3.45.

Energy Focus (NASDAQ EFOI) opened at $3.00 on Thursday. Energy Focus has a 52-week low of $1.51 and a 52-week high of $4.95. The stock has a market cap of $35.57, a price-to-earnings ratio of -2.04 and a beta of -0.13.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC raised its holdings in Energy Focus Inc (NASDAQ:EFOI) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 461,144 shares of the construction company’s stock after buying an additional 36,150 shares during the quarter. WealthTrust Axiom LLC owned 3.89% of Energy Focus worth $1,258,000 as of its most recent SEC filing. 16.50% of the stock is currently owned by hedge funds and other institutional investors.

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About Energy Focus

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

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