Wall Street brokerages forecast that Microvision, Inc. (NASDAQ:MVIS) will post $13.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Microvision’s earnings, with estimates ranging from $12.00 million to $15.50 million. Microvision posted sales of $6.09 million in the same quarter last year, which would indicate a positive year over year growth rate of 125.8%. The company is scheduled to report its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Microvision will report full year sales of $23.10 million for the current year, with estimates ranging from $21.00 million to $25.20 million. For the next year, analysts expect that the firm will report sales of $34.25 million per share, with estimates ranging from $26.50 million to $42.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Microvision.

Microvision (NASDAQ:MVIS) last posted its earnings results on Tuesday, July 31st. The electronics maker reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Microvision had a negative return on equity of 356.21% and a negative net margin of 223.33%. The firm had revenue of $2.01 million for the quarter, compared to analyst estimates of $2.87 million. During the same quarter last year, the firm posted ($0.08) EPS.

A number of research firms recently issued reports on MVIS. HC Wainwright set a $4.00 price target on Microvision and gave the stock a “buy” rating in a report on Thursday, May 10th. Zacks Investment Research raised Microvision from a “sell” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Wednesday, May 16th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in shares of Microvision by 151.9% during the fourth quarter. Deutsche Bank AG now owns 173,821 shares of the electronics maker’s stock worth $282,000 after buying an additional 104,816 shares during the last quarter. Perkins Capital Management Inc. purchased a new position in shares of Microvision during the second quarter worth about $224,000. Rational Advisors LLC purchased a new position in shares of Microvision during the second quarter worth about $224,000. LMR Partners LLP purchased a new position in shares of Microvision during the second quarter worth about $235,000. Finally, Paloma Partners Management Co purchased a new position in shares of Microvision during the second quarter worth about $429,000. 25.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MVIS traded down $0.02 during midday trading on Thursday, reaching $0.99. 694,000 shares of the company were exchanged, compared to its average volume of 707,697. Microvision has a 1 year low of $0.89 and a 1 year high of $3.25. The firm has a market cap of $95.87 million, a P/E ratio of -2.97 and a beta of -0.34.

About Microvision

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.

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