Analysts predict that Orion Energy Systems, Inc. (NASDAQ:OESX) will announce earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks. Three analysts have made estimates for Orion Energy Systems’ earnings, with estimates ranging from ($0.08) to ($0.04). Orion Energy Systems posted earnings per share of ($0.04) in the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 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 ($0.53) to ($0.45). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.20) to ($0.10). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Orion Energy Systems.

Several equities analysts recently commented on OESX shares. Zacks Investment Research cut shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a research note on Friday, November 3rd. Finally, ValuEngine cut shares of Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $1.67.

Orion Energy Systems (NASDAQ:OESX) traded down $0.05 on Thursday, hitting $0.88. 89,100 shares of the stock traded hands, compared to its average volume of 72,048. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.97 and a quick ratio of 1.32. Orion Energy Systems has a 52-week low of $0.80 and a 52-week high of $2.57.

Several institutional investors and hedge funds have recently made changes to their positions in OESX. IFC Holdings Incorporated FL bought a new stake in shares of Orion Energy Systems in the 2nd quarter worth approximately $128,000. New York State Common Retirement Fund lifted its holdings in shares of Orion Energy Systems by 11.3% in the 2nd quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after acquiring an additional 57,799 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Orion Energy Systems by 7.2% in the 1st quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after acquiring an additional 54,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Orion Energy Systems by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock worth $948,000 after acquiring an additional 20,146 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Orion Energy Systems by 11.1% in the 2nd quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after acquiring an additional 10,300 shares during the last quarter. Hedge funds and other institutional investors own 44.30% of the company’s stock.

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

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