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

Orion Energy Systems

06/06/2024 14:52

* Orion Energy Systems Inc  OESX.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -16 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 -8 cents to -6
cents per share.
    * Revenue rose 22.1% to $26.41 million from a year ago;
analysts
expected $28.98 million. 
    * Orion Energy Systems Inc's reported EPS for the quarter
was 5
cents​.
    * The company reported quarterly net income of $1.61
million.
    * Orion Energy Systems Inc shares had risen by 21.8% this
quarter and gained 22.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $3.00 
This summary was machine generated from LSEG data June 6 at
01:52 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
 Mar. 31 2024      -0.07          0.06           Beat
 Dec. 31 2023      -0.07          -0.07          Met
 Sep. 30 2023      -0.14          -0.14          Met
 Jun. 30 2023      -0.10          -0.21          Missed