Zacks: Analysts Expect eMagin Co. (EMAN) to Post -$0.05 EPS

Equities research analysts forecast that eMagin Co. (NYSE:EMAN) will report earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for eMagin’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.05). eMagin reported earnings per share of ($0.08) during the same quarter last year, which would indicate a positive year-over-year growth rate of 37.5%. The firm is expected to issue its next quarterly earnings results on Friday, November 10th.

On average, analysts expect that eMagin will report full year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.22). For the next financial year, analysts forecast that the firm will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.08). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow eMagin.

eMagin (NYSE:EMAN) last issued its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%. The company had revenue of $5.26 million for the quarter, compared to the consensus estimate of $6.00 million.

A number of analysts have recently issued reports on the stock. HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of eMagin in a report on Friday, September 15th. Zacks Investment Research downgraded shares of eMagin from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, Rodman & Renshaw restated a “buy” rating and set a $4.00 price target on shares of eMagin in a report on Friday, June 23rd.

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eMagin (EMAN) traded up 2.22% on Wednesday, hitting $2.30. The stock had a trading volume of 30,877 shares. eMagin has a 12 month low of $1.85 and a 12 month high of $3.00. The stock’s market cap is $80.44 million. The firm’s 50 day moving average price is $2.14 and its 200-day moving average price is $2.37.

An institutional investor recently bought a new position in eMagin stock. AWM Investment Company Inc. acquired a new position in shares of eMagin Co. (NYSE:EMAN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,261,000 shares of the semiconductor company’s stock, valued at approximately $7,989,000. eMagin comprises approximately 1.3% of AWM Investment Company Inc.’s investment portfolio, making the stock its 25th largest position. AWM Investment Company Inc. owned about 9.32% of eMagin at the end of the most recent reporting period.

eMagin Company Profile

eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.

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