Analysts Expect Orion Energy Systems, Inc. (NASDAQ:OESX) to Post $0.02 Earnings Per Share

Wall Street brokerages predict that Orion Energy Systems, Inc. (NASDAQ:OESX) will post earnings per share of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Orion Energy Systems’ earnings. The highest EPS estimate is $0.03 and the lowest is $0.00. Orion Energy Systems reported earnings of ($0.02) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Orion Energy Systems will report full year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.41. For the next financial year, analysts forecast that the company will report earnings of $0.25 per share, with EPS estimates ranging from $0.17 to $0.33. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, November 6th. The electronics maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.15. The business had revenue of $48.32 million for the quarter, compared to analyst estimates of $33.72 million. Orion Energy Systems had a negative return on equity of 0.07% and a negative net margin of 0.01%.

Several research firms have commented on OESX. Roth Capital lowered Orion Energy Systems from a “buy” rating to a “neutral” rating and set a $3.00 price objective on the stock. in a research report on Friday, November 1st. B. Riley began coverage on Orion Energy Systems in a research report on Wednesday, September 4th. They issued a “buy” rating and a $4.00 price objective on the stock. ValuEngine lowered Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet raised Orion Energy Systems from a “d” rating to a “c” rating in a research report on Monday, August 5th. Finally, Zacks Investment Research raised Orion Energy Systems from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $3.63.

NASDAQ:OESX opened at $2.92 on Wednesday. The business’s 50-day moving average is $2.78 and its two-hundred day moving average is $2.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.51 and a quick ratio of 1.08. Orion Energy Systems has a 12 month low of $0.53 and a 12 month high of $3.49. The firm has a market capitalization of $83.74 million, a PE ratio of -12.70 and a beta of 2.10.

A number of large investors have recently added to or reduced their stakes in the business. Dalton Greiner Hartman Maher & Co. purchased a new position in Orion Energy Systems in the third quarter valued at about $237,000. North Star Investment Management Corp. grew its stake in shares of Orion Energy Systems by 4.7% during the third quarter. North Star Investment Management Corp. now owns 4,090,585 shares of the electronics maker’s stock valued at $11,658,000 after acquiring an additional 182,716 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of Orion Energy Systems during the second quarter valued at about $108,000. Susquehanna International Group LLP acquired a new stake in shares of Orion Energy Systems during the second quarter valued at about $59,000. Finally, Jane Street Group LLC acquired a new stake in shares of Orion Energy Systems during the second quarter valued at about $51,000. 35.55% of the stock is currently owned by institutional investors.

Orion Energy Systems Company Profile

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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Earnings History and Estimates for Orion Energy Systems (NASDAQ:OESX)

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