Orion Energy Systems Inc reports results for the quarter ended in December - Earnings Summary

Orion Energy Systems

07/02/2024 14:36

* Orion Energy Systems Inc  OESX.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -75 cents.  The mean expectation of
three analysts for the quarter was for a loss of 7 cents per
share. Wall Street expected results to range from -12 cents
to -1 cents per share.
    * Revenue rose 28% to $25.97 million from a year ago;
analysts
expected $27.03 million. 
    * Orion Energy Systems Inc's reported EPS for the quarter
was a
loss of 7 cents​.
    * The company reported a quarterly loss of $2.26 million.
    * Orion Energy Systems Inc shares had risen by 16.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Orion Energy
Systems Inc is $3.50 
This summary was machine generated from LSEG data February 7 at
02:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.07          -0.07          Met
 Sep. 30 2023      -0.14          -0.14          Met
 Jun. 30 2023      -0.10          -0.21          Missed
 Mar. 31 2023      -0.06          -0.16          Missed