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Orion Energy Systems, Inc. (OESX) Q1 Earnings and Revenues Surpass Estimates

Corporate EarningsCompany FundamentalsAnalyst Insights
Orion Energy Systems, Inc. (OESX) Q1 Earnings and Revenues Surpass Estimates

Orion Energy Systems (OESX) reported quarterly EPS of $0.47, versus the Zacks Consensus for a $0.01 loss, marking an improvement of $0.48 per share. This also compares with a year-ago loss of $0.40 per share, indicating a clear swing to profitability. The earnings beat is likely to move the stock modestly given the sizable surprise versus consensus.

Analysis

Orion Energy Systems (OESX) reported quarterly EPS of $0.47, versus the Zacks Consensus for a $0.01 loss, marking an improvement of $0.48 per share. This also compares with a year-ago loss of $0.40 per share, indicating a clear swing to profitability. The earnings beat is likely to move the stock modestly given the sizable surprise versus consensus.

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