Orion Energy Systems, Inc. (NASDAQ:OESX) Analysts Just Cut Their EPS Forecasts Substantially [Yahoo! Finance]
Orion Energy Systems, Inc. (OESX)
NASDAQ:AMEX Investor Relations:
investor.oriones.com/investor-relations
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Source: Yahoo! Finance
revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. Following the downgrade, the current consensus from Orion Energy Systems' twin analysts is for revenues of US$105m in 2025 which - if met - would reflect a major 22% increase on its sales over the past 12 months. Losses are predicted to fall substantially, shrinking 42% to US$0.33 per share. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$127m and losses of US$0.17 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. See our latest analysis for Orion Energy Systems The consensus price target fell 44% to US$2.50, implicitly signalling
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OESX
News
- Orion Energy Systems, Inc. (NASDAQ: OESX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Orion Energy Systems, Inc. (NASDAQ: OESX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Orion Energy Systems, Inc. (NASDAQ: OESX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Voltrek Successfully Secures More Than $11 Million of EV Charging Construction Services WorkGlobeNewswire
- Orion Energy Systems, Inc. (NASDAQ: OESX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
OESX
Earnings
- 2/7/24 - Beat
OESX
Sec Filings
- 4/24/24 - Form 8-K
- 4/5/24 - Form 8-K
- 2/14/24 - Form 4
- OESX's page on the SEC website