Energy Focus (NASDAQ:EFOI) Releases Earnings Results, Beats Expectations By $1.90 EPS

Energy Focus (NASDAQ:EFOI) issued its earnings results on Tuesday. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.82) by $1.90, FiscalAI reports. Energy Focus had a negative net margin of 23.77% and a negative return on equity of 42.44%. The business had revenue of $4.80 million during the quarter, compared to analysts’ expectations of $3.49 million.

Energy Focus Trading Up 8.9%

EFOI stock traded up $0.39 during midday trading on Tuesday, reaching $4.78. The stock had a trading volume of 50,558 shares, compared to its average volume of 846,196. Energy Focus has a 52-week low of $1.66 and a 52-week high of $9.84. The company has a market cap of $30.45 million, a price-to-earnings ratio of -19.12 and a beta of 2.14. The company’s fifty day simple moving average is $3.08 and its 200 day simple moving average is $2.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a research report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Energy Focus currently has a consensus rating of “Sell”.

About Energy Focus

Energy Focus, Inc (NASDAQ:EFOI) develops and provides energy-efficient lighting and control solutions for commercial, industrial, government, military, and maritime customers. Its offerings are designed to help organizations reduce energy consumption, improve lighting performance, and modernize existing facilities.

The company’s products include LED lighting fixtures and retrofit systems, tubular LED solutions, and networked lighting controls. Energy Focus has also developed intelligent control technologies, including systems that enable remote monitoring, scheduling, and management of lighting equipment.