HC Wainwright Has Bullish Estimate for OESX FY2028 Earnings

Key Points

• HC Wainwright raised its FY2028 EPS forecast for Orion Energy Systems to $0.50 from $0.41 and maintained a Buy rating with a $30 price target, well above the current $17.58 share price.
• Orion reported a substantial quarterly earnings beat, posting $0.47 EPS versus the $0.07 consensus estimate and $25.74 million in revenue versus $23.56 million expected. The company also returned to profitability, reporting approximately $2 million in net income.
• Despite the bullish forecast and recent 9.5% stock gain, analyst sentiment remains mixed: Zacks downgraded the stock to Strong Sell, and MarketBeat reports a consensus Reduce rating, reflecting uncertainty about sustained profitability.

Orion Energy Systems, Inc. (NASDAQ:OESX - Free Report) - Equities research analysts at HC Wainwright raised their FY2028 earnings per share (EPS) estimates for Orion Energy Systems in a report issued on Thursday, August 6th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will post earnings per share of $0.50 for the year, up from their previous forecast of $0.41. HC Wainwright currently has a "Buy" rating and a $30.00 target price on the stock. The consensus estimate for Orion Energy Systems' current full-year earnings is $0.25 per share.

Several other research analysts also recently issued reports on OESX. Zacks Research downgraded shares of Orion Energy Systems from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Weiss Ratings upgraded shares of Orion Energy Systems from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Orion Energy Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $30.00.

Orion Energy Systems Stock Up 9.5%

NASDAQ:OESX opened at $17.58 on Friday. The firm has a market cap of $71.32 million, a P/E ratio of -351.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.41. Orion Energy Systems has a fifty-two week low of $5.60 and a fifty-two week high of $19.93. The firm has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.91.

Orion Energy Systems (NASDAQ:OESX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.40. The firm had revenue of $25.74 million during the quarter, compared to analyst estimates of $23.56 million. Orion Energy Systems had a return on equity of 12.86% and a net margin of 0.04%.

Institutional Trading of Orion Energy Systems

Large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems during the fourth quarter valued at approximately $202,000. NewEdge Advisors LLC lifted its position in Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker's stock valued at $211,000 after purchasing an additional 9,058 shares during the period. Marshall Wace LLP purchased a new stake in Orion Energy Systems in the fourth quarter worth approximately $706,000. Sei Investments Co. boosted its holdings in Orion Energy Systems by 114.3% in the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker's stock worth $1,137,000 after purchasing an additional 69,387 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker's stock worth $1,560,000 after purchasing an additional 43,693 shares during the period. 52.59% of the stock is currently owned by institutional investors.

More Orion Energy Systems News

Here are the key news stories impacting Orion Energy Systems this week:

• Positive Sentiment: Strong earnings and revenue beat: Orion reported quarterly EPS of $0.47, compared with the consensus estimate of $0.07, and revenue of $25.74 million versus expectations of $23.56 million. Revenue increased 32% year over year, while the company reported approximately $2 million in net income, a significant improvement from the year-ago loss. Orion Reports First Quarter Financial Results
• Positive Sentiment: Growth outlook supported by new businesses: Management projected fiscal 2027 revenue of $95 million to $97 million, broadly in line with the $96.3 million analyst consensus. The outlook includes continued scaling of the company’s electric-vehicle charging business and early data-center wins, offering potential for additional growth. Orion Fiscal 2027 Revenue Outlook
• Neutral Sentiment: The earnings surprise and return to profitability have attracted substantial investor attention, with trading volume well above Orion’s typical average. However, the company’s valuation and longer-term profitability remain difficult to assess because reported profitability metrics have been inconsistent and the stock remains volatile.
• Negative Sentiment: Zacks downgrade: Zacks Research lowered Orion Energy Systems from “hold” to “strong sell.” The downgrade could temper bullish sentiment and raise concerns about whether the recent earnings improvement can be sustained. Zacks

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company's product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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