Is it time to Buy before this week’s earning report Orion Energy Systems (NASDAQ:OESX)

Earnings results for Orion Energy Systems (NASDAQ:OESX)

Orion Energy Systems, Inc. is expected* to report earnings on 06/01/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.11. The reported EPS for the same quarter last year was $-0.02.

Analyst Opinion on Orion Energy Systems (NASDAQ:OESX)

3 Wall Street analysts have issued ratings and price targets for Orion Energy Systems in the last 12 months. Their average twelve-month price target is $11.08, predicting that the stock has a possible upside of 72.91%. The high price target for OESX is $12.00 and the low price target for OESX is $10.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Orion Energy Systems has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $11.08, Orion Energy Systems has a forecasted upside of 72.9% from its current price of $6.41. Orion Energy Systems has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Orion Energy Systems (NASDAQ:OESX)

Orion Energy Systems does not currently pay a dividend. Orion Energy Systems does not have a long track record of dividend growth.

Insiders buying/selling: Orion Energy Systems (NASDAQ:OESX)

In the past three months, Orion Energy Systems insiders have not sold or bought any company stock. Only 8.80% of the stock of Orion Energy Systems is held by insiders. 69.96% of the stock of Orion Energy Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Orion Energy Systems (NASDAQ:OESX

Earnings for Orion Energy Systems are expected to grow by 112.50% in the coming year, from $0.24 to $0.51 per share. The P/E ratio of Orion Energy Systems is 58.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.14. The P/E ratio of Orion Energy Systems is 58.28, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 23.47. Orion Energy Systems has a P/B Ratio of 6.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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