Brokerages Expect Microvision, Inc. (NASDAQ:MVIS) to Announce -$0.06 EPS

Brokerages forecast that Microvision, Inc. (NASDAQ:MVIS) will post earnings of ($0.06) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Microvision’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.05). Microvision posted earnings of ($0.13) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 53.8%. The firm is scheduled to report its next earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that Microvision will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.26). For the next year, analysts forecast that the firm will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.17) to ($0.15). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Microvision.

Microvision (NASDAQ:MVIS) last released its earnings results on Wednesday, November 6th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Microvision had a negative return on equity of 1,277.02% and a negative net margin of 574.86%. The firm had revenue of $1.19 million for the quarter, compared to the consensus estimate of $1.28 million.

Several equities analysts recently weighed in on MVIS shares. Northland Securities set a $2.00 target price on Microvision and gave the stock a “buy” rating in a research report on Friday, July 19th. HC Wainwright reissued a “buy” rating and set a $3.50 price objective on shares of Microvision in a research report on Friday, July 19th. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Tuesday. Finally, ValuEngine cut Microvision from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $2.08.

NASDAQ MVIS traded down $0.02 during trading hours on Friday, hitting $0.71. 4,440 shares of the company’s stock were exchanged, compared to its average volume of 450,498. The business’s 50 day moving average is $0.69 and its 200-day moving average is $0.74. Microvision has a 12-month low of $0.51 and a 12-month high of $1.44. The firm has a market capitalization of $78.92 million, a P/E ratio of -2.35 and a beta of 0.61.

Large investors have recently made changes to their positions in the business. Taylor Frigon Capital Management LLC increased its stake in shares of Microvision by 117.6% in the third quarter. Taylor Frigon Capital Management LLC now owns 2,529,136 shares of the electronics maker’s stock worth $1,500,000 after purchasing an additional 1,367,064 shares during the period. BlackRock Inc. increased its stake in shares of Microvision by 2.7% in the second quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock worth $1,298,000 after purchasing an additional 41,641 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Microvision by 230.8% in the second quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 92,562 shares during the period. 22.98% of the stock is owned by institutional investors.

Microvision Company Profile

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

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