Q2 EPS Estimate for Orion Energy Systems Lowered by Analyst

Orion Energy Systems, Inc. (NASDAQ:OESX) – Analysts at HC Wainwright decreased their Q2 2027 earnings estimates for Orion Energy Systems in a research note issued to investors on Thursday, August 6th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will earn ($0.01) per share for the quarter, down from their previous estimate of $0.06. HC Wainwright 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 posted its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.40. The company had revenue of $25.74 million for the quarter, compared to analyst estimates of $23.56 million. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%.

Several other research analysts have also weighed in on the company. Zacks Research lowered Orion Energy Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings raised Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $30.00.

Orion Energy Systems Price Performance

OESX opened at $19.75 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. Orion Energy Systems has a 12 month low of $5.60 and a 12 month high of $20.74. The company has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $10.96. The stock has a market cap of $80.78 million, a P/E ratio of -395.00 and a beta of 0.77.

Institutional Trading of Orion Energy Systems

A number of large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 6.3% during the 4th quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock worth $6,267,000 after purchasing an additional 23,998 shares during the last quarter. Tieton Capital Management LLC lifted its stake in Orion Energy Systems by 0.6% in the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 1,580 shares during the last quarter. Marshall Wace LLP acquired a new stake in Orion Energy Systems in the 4th quarter valued at about $706,000. Quadrature Capital Ltd bought a new position in Orion Energy Systems during the fourth quarter worth about $202,000. Finally, NewEdge Advisors LLC bought a new position in Orion Energy Systems during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 52.59% of the company’s stock.

About Orion Energy Systems

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.