Zacks: Brokerages Anticipate Energy Focus, Inc. (EFOI) to Announce -$0.17 EPS

Brokerages forecast that Energy Focus, Inc. (NASDAQ:EFOI) will report earnings per share of ($0.17) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Energy Focus’ earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.16). Energy Focus reported earnings of ($0.35) per share during the same quarter last year, which would suggest a positive year over year growth rate of 51.4%. The business is scheduled to report its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Energy Focus will report full year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.42). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.42) to $0.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Energy Focus.

Energy Focus (NASDAQ:EFOI) last announced its earnings results on Thursday, February 22nd. The construction company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $4.73 million for the quarter, compared to analysts’ expectations of $5.83 million. Energy Focus had a negative return on equity of 43.83% and a negative net margin of 56.77%.

Several brokerages have issued reports on EFOI. B. Riley reissued a “hold” rating on shares of Energy Focus in a research report on Friday, February 23rd. Zacks Investment Research cut Energy Focus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One 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 company presently has an average rating of “Hold” and a consensus price target of $3.45.

Shares of NASDAQ:EFOI opened at $2.47 on Wednesday. Energy Focus has a 52-week low of $1.51 and a 52-week high of $3.52.

An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC boosted its position in Energy Focus, Inc. (NASDAQ:EFOI) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 502,949 shares of the construction company’s stock after purchasing an additional 41,805 shares during the period. WealthTrust Axiom LLC owned about 4.24% of Energy Focus worth $1,232,000 as of its most recent SEC filing. 16.02% of the stock is currently owned by institutional investors.

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Energy Focus Company Profile

Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.

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