Orion Energy Sys Q2 EPS $(0.14), Inline, Sales $20.59M Miss $22.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Sys (NASDAQ:OESX) reported Q2 losses of $(0.14) per share, in line with analyst consensus. However, the company's quarterly sales of $20.59 million missed the analyst consensus estimate of $22.33 million by 7.81 percent. This represents a 75 percent increase in losses and a 17.23 percent increase in sales compared to the same period last year.
November 07, 2023 | 12:58 pm
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NEGATIVE IMPACT
Orion Energy's Q2 results met EPS estimates but missed on sales. This could potentially impact investor sentiment.
Orion Energy's Q2 earnings report shows a significant increase in losses and a miss on sales estimates. This could potentially lead to a negative reaction from investors, impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100