Wall Street brokerages expect Microvision, Inc. (NASDAQ:MVIS) to announce $13.75 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Microvision’s earnings. The lowest sales estimate is $12.00 million and the highest is $15.50 million. Microvision posted sales of $6.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 125.8%. The company is expected to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Microvision will report full-year sales of $23.10 million for the current fiscal year, with estimates ranging from $21.00 million to $25.20 million. For the next fiscal year, analysts forecast that the company will post sales of $34.25 million per share, with estimates ranging from $26.50 million to $42.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Microvision.

Microvision (NASDAQ:MVIS) last posted its earnings results on Tuesday, July 31st. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.87 million. During the same period in the previous year, the company posted ($0.08) EPS.

A number of research analysts have weighed in on MVIS shares. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a research note on Wednesday, June 6th. HC Wainwright set a $4.00 price target on Microvision and gave the stock a “buy” rating in a research note on Monday.

Several institutional investors have recently modified their holdings of MVIS. Deutsche Bank AG lifted its stake in shares of Microvision by 151.9% during the 4th quarter. Deutsche Bank AG now owns 173,821 shares of the electronics maker’s stock worth $282,000 after purchasing an additional 104,816 shares during the period. Perkins Capital Management Inc. purchased a new position in shares of Microvision during the 2nd quarter worth $224,000. LMR Partners LLP purchased a new position in shares of Microvision during the 2nd quarter worth $235,000. Rational Advisors LLC purchased a new position in shares of Microvision during the 2nd quarter worth $224,000. Finally, State Treasurer State of Michigan lifted its stake 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 purchasing an additional 720,000 shares during the period. 27.74% of the stock is currently owned by institutional investors.

MVIS stock opened at $1.09 on Thursday. Microvision has a 1 year low of $0.89 and a 1 year high of $3.25. The company has a market capitalization of $100.52 million, a P/E ratio of -3.30 and a beta of -0.33.

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.

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