Orion Energy Sys Q1 EPS $(0.21) Misses $(0.10) Estimate, Sales $17.61M Miss $21.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Sys (NASDAQ:OESX) reported Q1 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.10) by 110 percent. This is a 133.33 percent decrease over losses of $(0.09) per share from the same period last year. The company also reported quarterly sales of $17.61 million, missing the analyst consensus estimate of $21.57 million by 18.34 percent, a 1.64 percent decrease over sales of $17.91 million the same period last year.
August 09, 2023 | 11:29 am
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Orion Energy Sys reported Q1 losses of $(0.21) per share, missing the analyst consensus estimate by 110 percent, and sales of $17.61 million, missing the estimate by 18.34 percent.
Orion Energy Sys reported larger than expected losses and lower than expected sales for Q1. This negative earnings surprise is likely to negatively impact the stock price in the short term.
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