Equities Analysts Issue Forecasts for OESX Q2 Earnings

Orion Energy Systems, Inc. (NASDAQ:OESX) – Investment analysts at HC Wainwright dropped their Q2 2027 earnings estimates for Orion Energy Systems in a report released on Thursday, August 6th. HC Wainwright analyst A. Dayal now expects that the electronics maker will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.06. HC Wainwright currently has a “Buy” rating and a $30.00 price objective on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is $0.38 per share. HC Wainwright also issued estimates for Orion Energy Systems’ Q3 2027 earnings at ($0.05) EPS, Q4 2027 earnings at $0.02 EPS, FY2027 earnings at $0.43 EPS, FY2029 earnings at $1.28 EPS, FY2030 earnings at $1.94 EPS and FY2031 earnings at $2.67 EPS.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. The business had revenue of $25.74 million for the quarter, compared to analyst estimates of $23.56 million.

A number of other research firms have also issued reports on OESX. Weiss Ratings raised Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Zacks Research lowered Orion Energy Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $30.00.

Orion Energy Systems Trading Down 2.8%

NASDAQ OESX opened at $19.15 on Monday. The firm’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. Orion Energy Systems has a twelve month low of $5.60 and a twelve month high of $20.00. The stock has a market cap of $78.32 million, a price-to-earnings ratio of -383.00 and a beta of 0.77.

Institutional Investors Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems during the 4th quarter valued at $202,000. NewEdge Advisors LLC purchased a new stake in shares of Orion Energy Systems during the fourth quarter worth $232,000. Marshall Wace LLP acquired a new stake in Orion Energy Systems during the fourth quarter valued at $706,000. Sei Investments Co. boosted its position in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after purchasing an additional 69,387 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after purchasing an additional 43,693 shares in the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.