Wall Street analysts expect Energy Focus Inc (NASDAQ:EFOI) to post $5.53 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Energy Focus’ earnings, with the highest sales estimate coming in at $6.20 million and the lowest estimate coming in at $5.20 million. Energy Focus reported sales of $4.73 million in the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The firm is scheduled to announce its next earnings report on Thursday, February 28th.
On average, analysts expect that Energy Focus will report full year sales of $20.53 million for the current year, with estimates ranging from $20.20 million to $21.20 million. For the next year, analysts expect that the business will report sales of $29.40 million, with estimates ranging from $25.00 million to $33.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Energy Focus.
Several research analysts have issued reports on EFOI shares. Roth Capital set a $1.00 price objective on Energy Focus and gave the stock a “hold” rating in a research report on Wednesday, November 7th. HC Wainwright set a $6.00 target price on Energy Focus and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, B. Riley reissued a “neutral” rating on shares of Energy Focus in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $3.50.
NASDAQ:EFOI opened at $1.09 on Thursday. The firm has a market capitalization of $13.06 million, a price-to-earnings ratio of -1.38 and a beta of 0.84. Energy Focus has a 1 year low of $0.49 and a 1 year high of $2.99.
About Energy Focus
Energy Focus, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems in the United States and internationally. It offers various light-emitting diode (LED) lighting technologies, including military maritime products, such as Military Intellitube, globe lights, berth lights, and fixtures to serve the United States navy and allied foreign navies.
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