Analysts forecast that Energy Focus Inc (NASDAQ:EFOI) will post earnings of ($0.20) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Energy Focus’ earnings, with estimates ranging from ($0.24) to ($0.15). Energy Focus posted earnings per share of ($0.34) during the same quarter last year, which would indicate a positive year over year growth rate of 41.2%. The business is scheduled to issue its next earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Energy Focus will report full-year earnings of ($0.80) per share for the current year, with EPS estimates ranging from ($1.04) to ($0.54). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.23) to $0.03. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Energy Focus.
Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.35). The firm earned $4.10 million during the quarter, compared to analyst estimates of $7.08 million. Energy Focus had a negative return on equity of 17.84% and a negative net margin of 18.99%. Energy Focus’s quarterly revenue was down 51.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) EPS.
Several research analysts have recently issued reports on the company. FBR & Co reduced their price objective on Energy Focus from $4.50 to $3.50 and set a “mkt perform” rating for the company in a research note on Friday. Roth Capital set a $3.00 price objective on Energy Focus and gave the stock a “hold” rating in a research note on Monday, March 6th. Finally, Zacks Investment Research cut Energy Focus from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.88.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC increased its stake in shares of Energy Focus Inc (NASDAQ:EFOI) by 32.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 340,381 shares of the construction company’s stock after buying an additional 82,675 shares during the period. WealthTrust Axiom LLC owned 2.91% of Energy Focus worth $1,664,000 as of its most recent SEC filing. 18.02% of the stock is currently owned by hedge funds and other institutional investors.
Energy Focus (NASDAQ:EFOI) traded up 25.09% during trading on Monday, hitting $3.39. The stock had a trading volume of 258,190 shares. Energy Focus has a 52-week low of $2.45 and a 52-week high of $6.97. The stock’s market capitalization is $39.70 million. The stock’s 50-day moving average is $3.16 and its 200-day moving average is $4.07.
About Energy Focus
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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