Wall Street analysts expect Energy Focus, Inc. (NASDAQ:EFOI) to report sales of $5.50 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Energy Focus’ earnings. The highest sales estimate is $6.12 million and the lowest is $5.00 million. Energy Focus reported sales of $6.01 million in the same quarter last year, which indicates a negative year over year growth rate of 8.5%. The company is expected to issue its next earnings results on Wednesday, August 8th.
On average, analysts expect that Energy Focus will report full year sales of $24.66 million for the current year, with estimates ranging from $23.70 million to $26.03 million. For the next fiscal year, analysts expect that the firm will post sales of $34.83 million per share, with estimates ranging from $30.00 million to $41.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Energy Focus.
Energy Focus (NASDAQ:EFOI) last issued its quarterly earnings data on Wednesday, May 2nd. The construction company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.04). Energy Focus had a negative net margin of 44.78% and a negative return on equity of 40.15%. The company had revenue of $4.66 million for the quarter, compared to the consensus estimate of $5.35 million.
EFOI has been the subject of a number of research analyst reports. HC Wainwright set a $6.00 price target on Energy Focus and gave the company a “buy” rating in a report on Thursday, May 3rd. B. Riley reaffirmed a “hold” rating on shares of Energy Focus in a report on Friday, February 23rd. Zacks Investment Research cut Energy Focus from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Energy Focus in a report on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.44.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC lifted its holdings in Energy Focus, Inc. (NASDAQ:EFOI) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 502,949 shares of the construction company’s stock after buying an additional 41,805 shares during the quarter. WealthTrust Axiom LLC owned about 4.24% of Energy Focus worth $1,232,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.85% of the company’s stock.
Energy Focus stock opened at $2.24 on Friday. Energy Focus has a 12-month low of $1.51 and a 12-month high of $3.48. The stock has a market capitalization of $27.21 million, a P/E ratio of -2.84 and a beta of -0.06.
About Energy Focus
Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.
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