Orion Energy Systems Q3 EPS $(0.07), Inline, Sales $26.00M Miss $27.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Systems (NASDAQ:OESX) reported Q3 losses of $(0.07) per share, meeting analyst estimates but marking a 50% improvement from last year. Sales were $26M, missing the $27.03M estimate but showing a 28.15% increase from the previous year.
February 07, 2024 | 12:33 pm
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NEUTRAL IMPACT
Orion Energy Systems reported a Q3 EPS of $(0.07), in line with estimates and a significant improvement from last year. However, sales missed estimates by 3.81%, despite a notable year-over-year increase.
The EPS meeting estimates and showing a significant improvement from the previous year could be seen as a positive sign of recovery and efficiency improvements. However, the slight miss in sales estimates might temper investor enthusiasm in the short term, leading to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100