Microvision, Inc. (MVIS) Expected to Announce Earnings of -$0.02 Per Share

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Brokerages predict that Microvision, Inc. (NASDAQ:MVIS) will report ($0.02) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Microvision’s earnings. The highest EPS estimate is $0.01 and the lowest is ($0.05). Microvision posted earnings per share of ($0.07) in the same quarter last year, which would suggest a positive year over year growth rate of 71.4%. The business is expected to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that Microvision will report full-year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.23). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.21) per share, with EPS estimates ranging from ($0.25) to ($0.17). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Microvision.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Tuesday, July 31st. The electronics maker reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $2.01 million for the quarter, compared to the consensus estimate of $2.87 million. Microvision had a negative net margin of 223.33% and a negative return on equity of 356.21%. During the same quarter last year, the company posted ($0.08) earnings per share.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Microvision from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research report on Wednesday, June 6th. HC Wainwright set a $4.00 price objective on Microvision and gave the company a “buy” rating in a research report on Monday, September 10th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Treasurer State of Michigan grew its position in Microvision by 22.9% during the 2nd quarter. State Treasurer State of Michigan now owns 3,864,199 shares of the electronics maker’s stock worth $4,328,000 after acquiring an additional 720,000 shares during the last quarter. Millennium Management LLC bought a new position in Microvision during the 2nd quarter worth approximately $1,858,000. EastBay Asset Management LLC bought a new position in Microvision during the 2nd quarter worth approximately $1,724,000. Paloma Partners Management Co bought a new position in Microvision during the 2nd quarter worth approximately $429,000. Finally, LMR Partners LLP bought a new position in Microvision during the 2nd quarter worth approximately $235,000. Institutional investors and hedge funds own 27.72% of the company’s stock.

Shares of Microvision stock opened at $1.21 on Friday. The stock has a market cap of $112.62 million, a PE ratio of -3.67 and a beta of -0.25. Microvision has a 12 month low of $0.89 and a 12 month high of $2.88.

About Microvision

MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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