Microvision, Inc. (NASDAQ:MVIS) Expected to Post Earnings of -$0.06 Per Share

Brokerages expect Microvision, Inc. (NASDAQ:MVIS) to report ($0.06) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Microvision’s earnings. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Microvision will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.28). For the next fiscal year, analysts forecast that the company will report earnings of ($0.19) per share, with EPS estimates ranging from ($0.27) to ($0.15). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Microvision.

Microvision (NASDAQ:MVIS) last released its quarterly earnings results on Thursday, July 18th. The electronics maker reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Microvision had a negative return on equity of 1,277.02% and a negative net margin of 174.09%. The business had revenue of $1.24 million during the quarter, compared to analyst estimates of $4.70 million. During the same period last year, the business posted ($0.10) earnings per share.



Several research analysts have recently commented on MVIS shares. HC Wainwright restated a “buy” rating and set a $3.50 price target on shares of Microvision in a research report on Friday, July 19th. Northland Securities set a $2.00 price target on Microvision and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research lowered Microvision from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.17.

MVIS opened at $0.66 on Friday. Microvision has a 52 week low of $0.51 and a 52 week high of $1.44. The stock’s fifty day moving average price is $0.72. The stock has a market capitalization of $66.70 million, a price-to-earnings ratio of -2.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.47 and a current ratio of 0.47.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC acquired a new stake in shares of Microvision in the second quarter valued at $935,000. BSW Wealth Partners acquired a new stake in shares of Microvision in the first quarter valued at $97,000. Bank of New York Mellon Corp raised its stake in shares of Microvision by 230.8% in the second quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 92,562 shares in the last quarter. BlackRock Inc. raised its stake in shares of Microvision by 2.9% in the fourth quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock valued at $944,000 after acquiring an additional 44,634 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Microvision by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock valued at $446,000 after acquiring an additional 39,003 shares in the last quarter. Institutional investors and hedge funds own 23.35% of the company’s stock.

Microvision Company Profile

MicroVision, Inc develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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