FY2029 EPS Forecast for Orion Energy Systems Cut by Analyst

Orion Energy Systems, Inc. (NASDAQ:OESX) – Research analysts at HC Wainwright cut their FY2029 earnings per share estimates for shares of Orion Energy Systems in a research report issued to clients and investors on Thursday, November 6th. HC Wainwright analyst A. Dayal now expects that the electronics maker will post earnings of $0.69 per share for the year, down from their previous forecast of $0.79. HC Wainwright has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is ($0.32) per share.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.55. The firm had revenue of $19.92 million during the quarter, compared to analyst estimates of $20.30 million. Orion Energy Systems had a negative return on equity of 62.99% and a negative net margin of 11.70%. Orion Energy Systems has set its FY 2026 guidance at EPS.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Orion Energy Systems Stock Up 2.9%

OESX opened at $10.18 on Friday. The firm has a market cap of $33.91 million, a price-to-earnings ratio of -3.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 1.23. The firm’s 50-day simple moving average is $8.80 and its 200-day simple moving average is $7.28. Orion Energy Systems has a twelve month low of $5.50 and a twelve month high of $10.27.

Institutional Investors Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grace & White Inc. NY lifted its position in shares of Orion Energy Systems by 3.6% during the second quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock worth $1,731,000 after purchasing an additional 99,499 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Orion Energy Systems in the first quarter valued at approximately $66,000. Finally, US Bancorp DE raised its position in Orion Energy Systems by 5.1% in the 1st quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after purchasing an additional 39,042 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).