Energy Focus, Inc. (EFOI) Expected to Post Quarterly Sales of $5.50 Million

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.

Get a free copy of the Zacks research report on Energy Focus (EFOI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energy Focus (NASDAQ:EFOI)

Receive News & Ratings for Energy Focus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Focus and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply