Brokerages Expect Microvision, Inc. (MVIS) to Announce -$0.07 EPS

Wall Street brokerages expect Microvision, Inc. (NASDAQ:MVIS) to report ($0.07) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Microvision’s earnings. Microvision reported earnings of ($0.09) per share during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The firm is expected to report its next earnings results on Monday, March 5th.

On average, analysts expect that Microvision will report full year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.31) to ($0.29). For the next year, analysts expect that the firm will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.32) to ($0.24). Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Microvision.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $6.09 million during the quarter, compared to analysts’ expectations of $5.24 million. Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. Microvision’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share.

Several equities analysts recently commented on the stock. HC Wainwright set a $4.00 price objective on shares of Microvision and gave the company a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research raised shares of Microvision from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Tuesday, October 10th. ValuEngine cut shares of Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, S&P Equity Research boosted their price objective on shares of Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.34.

A number of hedge funds have recently added to or reduced their stakes in MVIS. Voya Investment Management LLC purchased a new position in Microvision in the 2nd quarter worth approximately $101,000. Rhumbline Advisers purchased a new position in Microvision in the 2nd quarter worth approximately $139,000. Schwab Charles Investment Management Inc. purchased a new position in Microvision in the 2nd quarter worth approximately $250,000. California State Teachers Retirement System purchased a new position in Microvision in the 2nd quarter worth approximately $256,000. Finally, Teachers Advisors LLC purchased a new position in Microvision in the 2nd quarter worth approximately $256,000. 30.62% of the stock is owned by institutional investors and hedge funds.

Shares of Microvision (NASDAQ:MVIS) traded up $0.02 during trading hours on Friday, reaching $1.47. 619,014 shares of the company traded hands, compared to its average volume of 689,705. The stock has a market capitalization of $113.96, a PE ratio of -4.59 and a beta of -0.04. Microvision has a 12 month low of $1.15 and a 12 month high of $3.25.

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About Microvision

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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