Brokerages Expect Energy Focus Inc (EFOI) Will Post Quarterly Sales of $5.53 Million
Wall Street brokerages forecast that Energy Focus Inc (NASDAQ:EFOI) will post sales of $5.53 million for the current quarter, Zacks reports. Three analysts have provided estimates for Energy Focus’ earnings, with the lowest sales estimate coming in at $5.20 million and the highest estimate coming in at $6.20 million. Energy Focus reported sales of $4.73 million during the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The firm is scheduled to report its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Energy Focus will report full year sales of $20.53 million for the current financial year, with estimates ranging from $20.20 million to $21.20 million. For the next financial year, analysts expect that the firm will report sales of $29.40 million, with estimates ranging from $25.00 million to $33.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Energy Focus.
A number of equities research analysts have recently weighed in on EFOI shares. HC Wainwright set a $6.00 price target on Energy Focus and gave the company a “buy” rating in a report on Thursday, November 8th. Roth Capital set a $1.00 price target on Energy Focus and gave the company a “hold” rating in a report on Wednesday, November 7th. Finally, B. Riley reiterated a “neutral” rating on shares of Energy Focus in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $3.50.
About Energy Focus
Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.
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