U.S. markets closed
  • S&P 500

    4,280.15
    +72.88 (+1.73%)
     
  • Dow 30

    33,761.05
    +424.38 (+1.27%)
     
  • Nasdaq

    13,047.19
    +267.27 (+2.09%)
     
  • Russell 2000

    2,016.62
    +41.36 (+2.09%)
     
  • Crude Oil

    91.88
    -2.46 (-2.61%)
     
  • Gold

    1,818.90
    +11.70 (+0.65%)
     
  • Silver

    20.83
    +0.49 (+2.39%)
     
  • EUR/USD

    1.0257
    -0.0068 (-0.66%)
     
  • 10-Yr Bond

    2.8490
    -0.0390 (-1.35%)
     
  • GBP/USD

    1.2139
    -0.0064 (-0.52%)
     
  • USD/JPY

    133.4800
    +0.4810 (+0.36%)
     
  • BTC-USD

    24,691.29
    +724.80 (+3.02%)
     
  • CMC Crypto 200

    574.64
    +3.36 (+0.59%)
     
  • FTSE 100

    7,500.89
    +34.98 (+0.47%)
     
  • Nikkei 225

    28,546.98
    +727.65 (+2.62%)
     

MicroVision (MVIS) to Report Q1 Earnings: What's in Store?

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·4 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

MicroVision MVIS is scheduled to report first-quarter 2021 results on Apr 29.

For the to-be-reported quarter, the Zacks Consensus Estimate for revenues is pegged at $750,000 that indicates a decline of 49% from the year-ago quarter’s reported figure.

Moreover, the consensus mark for first-quarter loss has been steady at 2 cents in the past 30 days. The company reported a loss of 4 cents in the year-ago quarter.

In fourth-quarter 2020, MicroVision generated revenues of $395,000. Moreover, the company’s net loss came in at 2 cents compared with a loss of 3 cents in fourth-quarter 2019.

Microvision, Inc. Price and EPS Surprise

Microvision, Inc. Price and EPS Surprise
Microvision, Inc. Price and EPS Surprise

Microvision, Inc. price-eps-surprise | Microvision, Inc. Quote

Let’s see how things are shaping up prior to this announcement.

Factors Likely to Have Impacted Q1

MicroVision’s first-quarter 2021 performance is expected to have benefited from an agreement with its April 2017 customer to transfer responsibility for component production and to sell production assets without selling any Intellectual Property (IP). Notably, the company is receiving royalty for each component shipped by the customer, which is likely to have contributed to the top line.

MicroVision’s IP includes 450 issued and pending patents as well as other trade secrets and proprietary know-how.

MicroVision’s laser beam scanning technology, which is used to manufacture low-cost solid state LiDAR solutions, is likely to have witnessed momentum on higher demand from OEMs dealing in augmented reality (AR), interactive displays as well as consumer LiDAR products vertical. Also, strong cash balance will enable MicroVision to pursue strategic transactions like a merger or a sale.

Nonetheless, MicroVision’s first-quarter performance is expected to have been negatively impacted by the pandemic-induced supply chain disruptions. Moreover, higher expenses stemming from work on the new LiDAR sensor (parts, tools and contractors) and increases in headcount might put pressure on cash flow performance in the quarter.

Key Development in Q1

In February 2021, MicroVision announced that the company has collected all the vital equipment and components to complete the A-Samples of its Long Range Lidar (LRL) Sensor by April 2021 as targeted. The company expects the first- generation LRL Sensor to have range of at least 250 meters. The sensor is anticipated to speed up development of Level 3 (L3) autonomous safety and Level 4 (L4) autonomous driving features.

MicroVision also added that the company is conducting outdoor testing of vital performance features of the LRL sensor on its development platform.

What Our Model Says

Our proven model doesn’t conclusively predict an earnings beat for MicroVision this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.

MicroVision has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here are some stocks which you may consider as our proven model shows that these have the right mix of elements to beat estimates this time around:

Texas Instruments TXN has an Earnings ESP of +4.25% and holds a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Avnet AVT has an Earnings ESP of +0.89% and currently carries a Zacks Rank of 2.

Sirius XM Holdings SIRI has an Earnings ESP of +12.9% and a Zacks Rank of 2.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Avnet, Inc. (AVT) : Free Stock Analysis Report

Sirius XM Holdings Inc. (SIRI) : Free Stock Analysis Report

Texas Instruments Incorporated (TXN) : Free Stock Analysis Report

Microvision, Inc. (MVIS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research