-$0.05 Earnings Per Share Expected for Orion Energy Systems, Inc. (OESX) This Quarter

Brokerages expect Orion Energy Systems, Inc. (NASDAQ:OESX) to announce earnings of ($0.05) per share for the current quarter, according to Zacks. Three analysts have provided estimates for Orion Energy Systems’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.00. Orion Energy Systems reported earnings of ($0.26) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 80.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, June 14th.

According to Zacks, analysts expect that Orion Energy Systems will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.49) to ($0.48). For the next fiscal year, analysts expect that the firm will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.25) to ($0.10). Zacks’ EPS calculations are an average based on a survey of research analysts that cover Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $17.26 million during the quarter, compared to the consensus estimate of $18.55 million. Orion Energy Systems had a negative net margin of 31.32% and a negative return on equity of 57.15%.

Several equities research analysts recently commented on the stock. HC Wainwright restated a “buy” rating on shares of Orion Energy Systems in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Orion Energy Systems has an average rating of “Hold” and a consensus price target of $1.33.

An institutional investor recently raised its position in Orion Energy Systems stock. Prudential Financial Inc. boosted its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.36% of Orion Energy Systems worth $132,000 at the end of the most recent quarter. 43.15% of the stock is owned by institutional investors.

Shares of Orion Energy Systems (OESX) remained flat at $$0.80 during trading hours on Tuesday. 33,700 shares of the company traded hands, compared to its average volume of 127,681. The company has a current ratio of 1.78, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. The firm has a market cap of $23.11, a PE ratio of -1.19 and a beta of 1.12. Orion Energy Systems has a 1 year low of $0.73 and a 1 year high of $2.11.

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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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