Zacks: Analysts Anticipate Microvision, Inc. (NASDAQ:MVIS) Will Post Earnings of -$0.06 Per Share

Analysts expect Microvision, Inc. (NASDAQ:MVIS) to post earnings of ($0.06) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Microvision’s earnings. The company is expected to announce its next earnings report on Thursday, October 24th.

On average, analysts expect that Microvision will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.28). For the next year, analysts forecast that the business will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.27) to ($0.15). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Microvision.

Microvision (NASDAQ:MVIS) last released its earnings results on Thursday, July 18th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $1.24 million for the quarter, compared to analyst estimates of $4.70 million. Microvision had a negative return on equity of 1,277.02% and a negative net margin of 174.09%. During the same period in the prior year, the firm posted ($0.10) EPS.

Several analysts have recently issued reports on the company. Northland Securities set a $2.00 target price on Microvision and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research lowered Microvision from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, HC Wainwright reissued a “buy” rating and set a $3.50 target price on shares of Microvision in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Microvision has a consensus rating of “Hold” and an average target price of $2.17.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Microvision by 2.9% during the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock worth $944,000 after buying an additional 44,634 shares during the last quarter. Taylor Frigon Capital Management LLC bought a new stake in shares of Microvision during the 2nd quarter worth $935,000. Geode Capital Management LLC lifted its position in shares of Microvision by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock worth $446,000 after buying an additional 39,003 shares during the last quarter. Spark Investment Management LLC lifted its position in shares of Microvision by 32.0% during the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock worth $100,000 after buying an additional 25,206 shares during the last quarter. Finally, BSW Wealth Partners bought a new stake in shares of Microvision during the 1st quarter worth $97,000. Institutional investors and hedge funds own 23.39% of the company’s stock.

Shares of MVIS traded down $0.03 during trading hours on Friday, hitting $0.60. 391,539 shares of the company were exchanged, compared to its average volume of 468,747. The stock has a market capitalization of $66.40 million, a P/E ratio of -1.94 and a beta of 0.57. Microvision has a fifty-two week low of $0.51 and a fifty-two week high of $1.44. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $0.74.

Microvision Company Profile

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

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