$17.53 Million in Sales Expected for Orion Energy Systems, Inc. (OESX) This Quarter

Equities analysts forecast that Orion Energy Systems, Inc. (NASDAQ:OESX) will post $17.53 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Orion Energy Systems’ earnings, with the highest sales estimate coming in at $18.50 million and the lowest estimate coming in at $16.50 million. Orion Energy Systems posted sales of $18.67 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6.1%. The business is expected to announce its next quarterly earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Orion Energy Systems will report full year sales of $17.53 million for the current fiscal year, with estimates ranging from $67.10 million to $77.30 million. For the next year, analysts expect that the company will report sales of $91.19 million per share, with estimates ranging from $87.00 million to $95.38 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Orion Energy Systems.



Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.04). Orion Energy Systems had a negative return on equity of 37.61% and a negative net margin of 23.70%. The company had revenue of $12.56 million during the quarter, compared to analyst estimates of $15.94 million.

A number of research firms have recently weighed in on OESX. Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine downgraded shares of Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, HC Wainwright set a $3.00 price target on shares of Orion Energy Systems and gave the company a “buy” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2.00.

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In other Orion Energy Systems news, insider John H. Scribante sold 49,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $1.11, for a total transaction of $54,945.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John H. Scribante sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $0.99, for a total transaction of $39,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,168 shares of company stock valued at $200,387. Company insiders own 9.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund increased its holdings in shares of Orion Energy Systems by 11.3% during the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after buying an additional 57,799 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Orion Energy Systems by 11.1% during the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after buying an additional 10,300 shares in the last quarter. IFC Holdings Incorporated FL acquired a new position in shares of Orion Energy Systems during the second quarter worth $128,000. North Star Investment Management Corp. increased its holdings in shares of Orion Energy Systems by 7.0% during the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock worth $3,624,000 after buying an additional 185,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Orion Energy Systems by 7.2% during the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after buying an additional 54,000 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Shares of Orion Energy Systems (OESX) remained flat at $1.00 during trading on Thursday. The company had a trading volume of 238,308 shares. Orion Energy Systems has a 1-year low of $0.85 and a 1-year high of $2.57. The company’s market cap is $28.76 million. The stock’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.27.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

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Earnings History and Estimates for Orion Energy Systems (NASDAQ:OESX)

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