-$0.10 EPS Expected for Microvision, Inc. (MVIS) This Quarter
Equities analysts predict that Microvision, Inc. (NASDAQ:MVIS) will report earnings of ($0.10) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Microvision’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.09). Microvision also reported earnings per share of ($0.10) during the same quarter last year. The firm is expected to announce its next earnings results on Thursday, February 28th.
On average, analysts expect that Microvision will report full-year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.28). For the next year, analysts anticipate that the firm will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.22) to ($0.21). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Microvision.
Several brokerages recently commented on MVIS. Zacks Investment Research downgraded Microvision from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. HC Wainwright set a $4.00 price objective on Microvision and gave the stock a “buy” rating in a research note on Friday, October 26th.
A number of institutional investors have recently modified their holdings of MVIS. Millennium Management LLC acquired a new stake in Microvision during the 2nd quarter worth $1,858,000. EastBay Asset Management LLC acquired a new stake in Microvision during the 2nd quarter worth $1,724,000. Uniplan Investment Counsel Inc. raised its stake in Microvision by 84.0% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 2,188,958 shares of the electronics maker’s stock worth $2,648,000 after buying an additional 999,414 shares during the period. State Treasurer State of Michigan raised its stake in Microvision by 22.9% during the 2nd quarter. State Treasurer State of Michigan now owns 3,864,199 shares of the electronics maker’s stock worth $4,328,000 after buying an additional 720,000 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Microvision during the 2nd quarter worth $429,000. 24.16% of the stock is currently owned by institutional investors and hedge funds.
Microvision Company Profile
MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
See Also: What is the LIBOR?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Microvision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvision and related companies with MarketBeat.com's FREE daily email newsletter.