Analysts Expect Orion Energy Systems, Inc. (OESX) Will Announce Quarterly Sales of $18.55 Million

Equities research analysts expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will report sales of $18.55 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Orion Energy Systems’ earnings, with the lowest sales estimate coming in at $17.66 million and the highest estimate coming in at $20.00 million. Orion Energy Systems reported sales of $20.62 million in the same quarter last year, which would suggest a negative year over year growth rate of 10%. The company is expected to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Orion Energy Systems will report full-year sales of $18.55 million for the current fiscal year, with estimates ranging from $66.00 million to $69.70 million. For the next year, analysts expect that the business will post 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 that provide coverage for Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Thursday, November 2nd. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.03. Orion Energy Systems had a negative net margin of 29.13% and a negative return on equity of 48.48%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Tuesday, November 7th. 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 given a hold rating and one has issued a buy rating to the company. Orion Energy Systems currently has a consensus rating of “Hold” and an average price target of $1.67.

Orion Energy Systems (NASDAQ OESX) opened at $0.81 on Monday. The stock has a market cap of $23.15, a PE ratio of -1.23 and a beta of 1.45. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.12. Orion Energy Systems has a 1-year low of $0.75 and a 1-year high of $2.20.

An institutional investor recently raised its position in Orion Energy Systems stock. Prudential Financial Inc. lifted its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,000 shares of the electronics maker’s stock after acquiring an additional 10,300 shares during the period. 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 43.16% 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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