Energy Focus (NASDAQ:EFOI) Posts Earnings Results, Beats Estimates By $1.90 EPS

Energy Focus (NASDAQ:EFOI) issued its earnings results on Tuesday. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.82) by $1.90, FiscalAI reports. The firm had revenue of $4.80 million for the quarter, compared to analysts’ expectations of $3.49 million. Energy Focus had a negative return on equity of 42.44% and a negative net margin of 23.77%.

Energy Focus Stock Performance

EFOI stock traded down $0.55 during trading on Wednesday, hitting $4.40. 31,066 shares of the company’s stock traded hands, compared to its average volume of 843,040. Energy Focus has a 52 week low of $1.66 and a 52 week high of $9.84. The stock has a market capitalization of $28.02 million, a price-to-earnings ratio of -17.60 and a beta of 2.14. The business has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $2.90.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Focus in a report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Energy Focus Company Profile

Energy Focus, Inc. (NASDAQ:EFOI) develops and provides energy-efficient lighting and control solutions for commercial, industrial, government, military, and maritime customers. Its offerings are designed to help organizations reduce energy consumption, improve lighting performance, and modernize existing facilities. The company’s products include LED lighting fixtures and retrofit systems, tubular LED solutions, and networked lighting controls. Energy Focus has also developed intelligent control technologies, including systems that enable remote monitoring, scheduling, and management of lighting equipment.