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

Wall Street analysts expect 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 provided 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 company is expected to issue its next 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 fiscal year, with estimates ranging from $20.60 million to $21.30 million. For the next year, analysts anticipate that the business will post sales of $32.45 million per share, with estimates ranging from $27.00 million to $37.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Energy Focus.

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

Several research analysts recently commented on EFOI shares. HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Energy Focus in a research note on Thursday, November 9th. Zacks Investment Research upgraded Energy Focus from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Monday, November 13th. B. Riley set a $3.00 price target on Energy Focus and gave the stock a “hold” rating in a research note on Thursday, November 30th. Finally, ValuEngine cut Energy Focus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $3.45.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC raised its position in shares of Energy Focus Inc (NASDAQ:EFOI) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 502,949 shares of the construction company’s stock after buying an additional 41,805 shares during the quarter. WealthTrust Axiom LLC owned about 4.24% of Energy Focus worth $1,232,000 at the end of the most recent quarter. 16.46% of the stock is currently owned by institutional investors and hedge funds.

Energy Focus (NASDAQ EFOI) opened at $2.66 on Friday. Energy Focus has a one year low of $1.51 and a one year high of $4.86. The company has a market capitalization of $29.86, a PE ratio of -1.81 and a beta of -0.17.

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Energy Focus Company Profile

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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