-$0.08 Earnings Per Share Expected for Microvision, Inc. (NASDAQ:MVIS) This Quarter

Analysts forecast that Microvision, Inc. (NASDAQ:MVIS) will report earnings of ($0.08) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Microvision’s earnings, with estimates ranging from ($0.08) to ($0.07). Microvision reported earnings of ($0.10) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is expected to announce its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Microvision will report full year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.24) to ($0.18). For the next fiscal year, analysts expect that the business will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.18) to ($0.13). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Microvision.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings data on Wednesday, April 17th. The electronics maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $1.85 million during the quarter, compared to analyst estimates of $1.60 million. Microvision had a negative net margin of 163.21% and a negative return on equity of 445.01%.

A number of brokerages have issued reports on MVIS. Northland Securities reissued a “buy” rating and set a $2.00 target price on shares of Microvision in a research note on Thursday, April 18th. HC Wainwright restated a “buy” rating and set a $3.50 price target on shares of Microvision in a report on Thursday, April 18th. Finally, Zacks Investment Research downgraded shares of Microvision from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Microvision presently has an average rating of “Buy” and an average target price of $2.17.

Shares of NASDAQ:MVIS opened at $0.76 on Wednesday. The firm’s fifty day moving average is $0.81. The firm has a market cap of $81.78 million, a price-to-earnings ratio of -2.44 and a beta of 0.66. Microvision has a 12-month low of $0.51 and a 12-month high of $1.44. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.01.

Several institutional investors have recently added to or reduced their stakes in the company. BSW Wealth Partners bought a new position in Microvision in the 1st quarter worth $97,000. BlackRock Inc. raised its holdings in Microvision by 2.9% in the 4th quarter. BlackRock Inc. now owns 1,562,274 shares of the electronics maker’s stock worth $944,000 after acquiring an additional 44,634 shares during the period. Geode Capital Management LLC raised its holdings in Microvision by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 739,235 shares of the electronics maker’s stock worth $446,000 after acquiring an additional 39,003 shares during the period. Finally, Spark Investment Management LLC raised its holdings in Microvision by 32.0% in the 1st quarter. Spark Investment Management LLC now owns 103,901 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 25,206 shares during the period. Institutional investors and hedge funds own 23.77% of the company’s stock.

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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