Orion Energy Sys Q4 EPS $0.05 Beats $(0.07) Estimate, Sales $26.41M Miss $28.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Systems (NASDAQ: OESX) reported Q4 earnings per share (EPS) of $0.05, significantly beating the analyst consensus estimate of $(0.07). However, the company's quarterly sales of $26.41 million missed the analyst estimate of $28.98 million. Despite the sales miss, this represents a 22.11% increase over the same period last year.
June 06, 2024 | 11:32 am
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Orion Energy Systems reported Q4 EPS of $0.05, beating estimates by 171.43%, but missed sales estimates with $26.41M. Despite the sales miss, sales increased by 22.11% year-over-year.
The significant beat on EPS is likely to have a positive short-term impact on the stock price, despite the miss on sales estimates. The year-over-year increase in sales also adds a positive sentiment.
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IMPORTANCE 80
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