Vuzix Corp expected to post a loss of 14 cents a share - Earnings Preview

Vuzix

08/05/2024 03:04

* Vuzix Corp  VUZI.OQ   VUZI.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The West Henrietta New York-based  company is expected to
report
a 42.3% decrease in revenue to $2.417 million from $4.19 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Vuzix Corp is for a loss
of 14
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Vuzix Corp
is
$3.00​, above​ its last closing price of $1.25. ​​​

This summary was machine generated May 8 at 02:04 GMT.  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)