Orion Energy Systems Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
Orion Energy Systems (NASDAQ:OESX) Third Quarter 2023 Results
Key Financial Results
Revenue: US$20.3m (down 34% from 3Q 2022).
Net loss: US$24.1m (down from US$1.10m profit in 3Q 2022).
US$0.75 loss per share (down from US$0.035 profit in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orion Energy Systems Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Orion Energy Systems that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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