Zacks: Analysts Expect Microvision, Inc. (MVIS) Will Post Earnings of -$0.02 Per Share

Equities analysts predict that Microvision, Inc. (NASDAQ:MVIS) will post ($0.02) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Microvision’s earnings. The highest EPS estimate is $0.01 and the lowest is ($0.05). Microvision posted earnings of ($0.07) per share in the same quarter last year, which indicates a positive year over year growth rate of 71.4%. The business is scheduled to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Microvision will report full-year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.31) to ($0.23). For the next year, analysts forecast that the firm will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.25) to ($0.17). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Microvision.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Tuesday, July 31st. The electronics maker reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Microvision had a negative net margin of 223.33% and a negative return on equity of 356.21%. The company had revenue of $2.01 million during the quarter, compared to analyst estimates of $2.87 million. During the same quarter last year, the company posted ($0.08) EPS.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Microvision from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. HC Wainwright set a $4.00 target price on shares of Microvision and gave the stock a “buy” rating in a research report on Monday, September 10th.

Shares of NASDAQ:MVIS traded down $0.04 on Monday, reaching $1.23. 11,556 shares of the company’s stock were exchanged, compared to its average volume of 681,026. Microvision has a twelve month low of $0.89 and a twelve month high of $2.55. The firm has a market cap of $112.62 million, a PE ratio of -3.85 and a beta of -0.25.

Several large investors have recently made changes to their positions in MVIS. Millennium Management LLC acquired a new position in shares of Microvision during the 2nd quarter worth approximately $1,858,000. EastBay Asset Management LLC acquired a new stake in shares of Microvision during the 2nd quarter worth approximately $1,724,000. State Treasurer State of Michigan boosted its position in shares of Microvision by 22.9% during the 2nd quarter. State Treasurer State of Michigan now owns 3,864,199 shares of the electronics maker’s stock worth $4,328,000 after acquiring an additional 720,000 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Microvision during the 2nd quarter worth approximately $429,000. Finally, LMR Partners LLP acquired a new stake in shares of Microvision during the 2nd quarter worth approximately $235,000. Hedge funds and other institutional investors own 27.72% of the company’s stock.

About Microvision

MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

Further Reading: Buyback

Get a free copy of the Zacks research report on Microvision (MVIS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Microvision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvision and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply