Vuzix Corp reports results for the quarter ended in June - Earnings Summary

Vuzix

15/08/2024 05:56

* Vuzix Corp  VUZI.OQ  reported a quarterly adjusted loss
of 62
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -14
cents.  The mean expectation of two analysts for the quarter was
for a loss of 10 cents per share. Wall Street expected
results to range from -12 cents to -8 cents per share.
    * Revenue fell 76.7% to $1.09 million from a year ago;
analysts
expected $2.55 million. 
    * Vuzix Corp shares had fallen by 26.6% this quarter and
lost 52.5% 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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is  "hold."

Wall Street's median 12-month price target for Vuzix Corp is
$3.00 
This summary was machine generated from LSEG data August 15 at
04:55 a.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
 Jun. 30 2024      -0.10          -0.62          Missed
 Mar. 31 2024      -0.14          -0.16          Missed
 Dec. 31 2023      -0.14          -0.28          Missed
 Sep. 30 2023      -0.15          -0.17          Missed