Brokerages Anticipate Orion Energy Systems, Inc. (OESX) to Post -$0.07 Earnings Per Share

Wall Street brokerages expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will report earnings per share of ($0.07) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Orion Energy Systems’ earnings, with estimates ranging from ($0.07) to ($0.06). Orion Energy Systems reported earnings per share of ($0.05) in the same quarter last year, which would suggest a negative year over year growth rate of 40%. The company is expected to report its next earnings report on Wednesday, February 6th.

On average, analysts expect that Orion Energy Systems will report full-year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.31) to ($0.27). For the next year, analysts anticipate that the company will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.20) to ($0.10). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Tuesday, November 13th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The company had revenue of $13.20 million during the quarter, compared to analyst estimates of $15.44 million. Orion Energy Systems had a negative return on equity of 36.26% and a negative net margin of 13.52%.

Several equities research analysts have recently issued reports on OESX shares. Zacks Investment Research downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Roth Capital lowered their price objective on shares of Orion Energy Systems from $1.00 to $0.85 and set a “neutral” rating on the stock in a research note on Wednesday, November 14th. Finally, HC Wainwright set a $2.00 price objective on shares of Orion Energy Systems and gave the stock a “buy” rating in a research note on Wednesday, August 8th.

Shares of Orion Energy Systems stock opened at $0.76 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.51. Orion Energy Systems has a 1 year low of $0.70 and a 1 year high of $1.25.

A hedge fund recently raised its stake in Orion Energy Systems stock. Renaissance Technologies LLC increased its position in Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,071,400 shares of the electronics maker’s stock after purchasing an additional 67,200 shares during the quarter. Renaissance Technologies LLC owned approximately 3.64% of Orion Energy Systems worth $1,179,000 at the end of the most recent quarter. 41.03% of the stock is currently owned by institutional investors.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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