Wall Street analysts expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will announce earnings per share of ($0.09) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Orion Energy Systems’ earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.09). Orion Energy Systems reported earnings of ($0.11) per share during the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The firm is expected to issue its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Orion Energy Systems will report full year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.23). For the next financial year, analysts forecast that the business will report earnings of ($0.07) per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Orion Energy Systems.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Tuesday, August 7th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The company had revenue of $13.82 million during the quarter, compared to analyst estimates of $14.80 million. Orion Energy Systems had a negative return on equity of 35.90% and a negative net margin of 15.03%.

A number of brokerages have recently weighed in on OESX. Zacks Investment Research downgraded Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. HC Wainwright set a $2.00 price target on Orion Energy Systems and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Roth Capital set a $1.00 price target on Orion Energy Systems and gave the company a “hold” rating in a report on Tuesday, August 7th.

An institutional investor recently raised its position in Orion Energy Systems stock. Renaissance Technologies LLC increased its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,071,400 shares of the electronics maker’s stock after buying an additional 67,200 shares during the quarter. Renaissance Technologies LLC owned 3.64% of Orion Energy Systems worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.64% of the company’s stock.

Shares of NASDAQ OESX opened at $1.00 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.08 and a current ratio of 1.64. The firm has a market capitalization of $29.72 million, a P/E ratio of -2.63 and a beta of 0.73. Orion Energy Systems has a 52-week low of $0.70 and a 52-week high of $1.25.

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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