Orion Energy Systems Inc reports results for the quarter ended March 31 - Earnings Summary

• Orion Energy Systems Inc OESX.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of three analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -6 cents to -4 cents per share.

• Revenue fell 21% to $20.87 million from a year ago; analysts expected $21.18 million.

• Orion Energy Systems Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $2.91 million.

• Orion Energy Systems Inc shares had fallen by 17.8% this quarter and lost 26.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

• Wall Street's median 12-month price target for Orion Energy Systems Inc is $2.80, about 78.8% above its last closing price of $0.59

This summary was machine generated from LSEG data June 26 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)