Wall Street brokerages forecast that Energy Focus Inc (NASDAQ:EFOI) will post $5.83 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Energy Focus’ earnings. The lowest sales estimate is $5.50 million and the highest is $6.20 million. Energy Focus posted sales of $7.19 million during the same quarter last year, which suggests a negative year over year growth rate of 18.9%. The firm is scheduled to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Energy Focus will report full-year sales of $5.83 million for the current year, with estimates ranging from $20.60 million to $21.30 million. For the next financial year, analysts anticipate that the firm will report sales of $32.45 million per share, with estimates ranging from $27.00 million to $37.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Energy Focus.

Energy Focus (NASDAQ:EFOI) last posted its quarterly earnings results on Wednesday, November 8th. The construction company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%. The business had revenue of $5.00 million during the quarter, compared to analyst estimates of $6.20 million.

Several research firms have recently commented on EFOI. Zacks Investment Research lowered shares of Energy Focus from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. B. Riley reaffirmed a “hold” rating and issued a $3.00 price target on shares of Energy Focus in a report on Thursday, November 9th. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Energy Focus in a research note on Thursday, November 9th. Finally, ValuEngine lowered shares of Energy Focus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.45.

Energy Focus (NASDAQ EFOI) traded up $0.09 during midday trading on Friday, hitting $2.60. 2,063 shares of the stock traded hands, compared to its average volume of 30,125. Energy Focus has a 1-year low of $1.51 and a 1-year high of $4.80. The firm has a market cap of $31.30, a price-to-earnings ratio of -1.80 and a beta of -0.27.

A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC raised its position in shares of Energy Focus Inc (NASDAQ:EFOI) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 502,949 shares of the construction company’s stock after purchasing an additional 41,805 shares during the period. WealthTrust Axiom LLC owned 4.24% of Energy Focus worth $1,232,000 at the end of the most recent quarter. 16.45% of the stock is owned by institutional investors.

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About Energy Focus

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

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