Vuzix Corp reports results for the quarter ended September 30 - Earnings Summary

Vuzix

15/11/2024 14:02

* Vuzix Corp  VUZI.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -17 cents.  The lone analyst forecast for the quarter was
for a loss of 12 cents per share. 
    * Revenue fell 36.4% to $1.39 million from a year ago;
analysts
expected $1.97 million. 
    * Vuzix Corp's reported EPS for the quarter was a loss of 14
cents​.
    * The company reported a quarterly loss of $9.22 million.
    * Vuzix Corp shares had fallen by 7.7% this quarter and
lost 48.2%
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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Vuzix Corp is
2.00 
This summary was machine generated from LSEG data November 15 at
02:01 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
 Sep. 30 2024      -0.12          -0.14          Missed
 Jun. 30 2024      -0.10          -0.16          Missed
 Mar. 31 2024      -0.14          -0.16          Missed
 Dec. 31 2023      -0.14          -0.28          Missed