Revolution Lighting Technologies Inc (RVLT) Expected to Announce Earnings of -$3.36 Per Share

Equities research analysts expect Revolution Lighting Technologies Inc (NASDAQ:RVLT) to post ($3.36) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Revolution Lighting Technologies’ earnings, with the lowest EPS estimate coming in at ($3.49) and the highest estimate coming in at ($3.25). Revolution Lighting Technologies reported earnings per share of $0.14 in the same quarter last year, which would suggest a negative year over year growth rate of 2,500%. The company is scheduled to report its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Revolution Lighting Technologies will report full year earnings of ($3.83) per share for the current financial year, with EPS estimates ranging from ($3.89) to ($3.74). For the next year, analysts forecast that the firm will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.57) to $0.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Revolution Lighting Technologies.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its quarterly earnings results on Thursday, October 26th. The electronics maker reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $43.10 million during the quarter, compared to analyst estimates of $42.56 million. Revolution Lighting Technologies had a negative net margin of 3.94% and a negative return on equity of 2.39%. During the same period in the previous year, the business earned $0.11 EPS. The business’s revenue for the quarter was down 14.1% on a year-over-year basis.

A number of research firms have recently issued reports on RVLT. HC Wainwright reaffirmed a “buy” rating on shares of Revolution Lighting Technologies in a report on Friday, October 27th. Roth Capital set a $5.00 price objective on shares of Revolution Lighting Technologies and gave the stock a “buy” rating in a report on Thursday, December 28th. Finally, TheStreet downgraded shares of Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. DnB Asset Management AS bought a new stake in shares of Revolution Lighting Technologies during the 4th quarter worth $404,000. Signia Capital Management LLC lifted its holdings in shares of Revolution Lighting Technologies by 2.2% during the 3rd quarter. Signia Capital Management LLC now owns 850,212 shares of the electronics maker’s stock worth $5,526,000 after acquiring an additional 18,499 shares during the last quarter. Cowen Prime Services LLC bought a new stake in shares of Revolution Lighting Technologies during the 3rd quarter worth $4,428,000. Lapides Asset Management LLC lifted its holdings in shares of Revolution Lighting Technologies by 24.9% during the 3rd quarter. Lapides Asset Management LLC now owns 118,400 shares of the electronics maker’s stock worth $770,000 after acquiring an additional 23,600 shares during the last quarter. Finally, First Manhattan Co. bought a new stake in shares of Revolution Lighting Technologies during the 3rd quarter worth $100,000. 36.27% of the stock is owned by institutional investors.

Shares of Revolution Lighting Technologies (NASDAQ RVLT) opened at $3.30 on Friday. Revolution Lighting Technologies has a fifty-two week low of $2.95 and a fifty-two week high of $9.17. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.43. The stock has a market cap of $70.18, a price-to-earnings ratio of -10.31 and a beta of 1.97.

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Revolution Lighting Technologies Company Profile

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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