Zacks: Analysts Expect eMagin Co. (EMAN) Will Announce Earnings of -$0.05 Per Share

Equities analysts forecast that eMagin Co. (NYSE:EMAN) will report ($0.05) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for eMagin’s earnings, with estimates ranging from ($0.06) to ($0.05). eMagin posted earnings per share of ($0.07) during the same quarter last year, which would indicate a positive year over year growth rate of 28.6%. The firm is expected to issue its next earnings results before the market opens on Thursday, August 10th.

According to Zacks, analysts expect that eMagin will report full year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.16). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.14) to ($0.10). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover eMagin.

eMagin (NYSE:EMAN) last released its earnings results on Thursday, May 11th. The semiconductor company reported ($0.06) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). eMagin had a negative net margin of 32.94% and a negative return on equity of 40.94%. The company had revenue of $6.07 million for the quarter, compared to analyst estimates of $6.40 million.

A number of research analysts have recently commented on the stock. HC Wainwright assumed coverage on shares of eMagin in a report on Saturday, June 24th. They issued a “buy” rating and a $4.00 price target on the stock. Rodman & Renshaw restated a “buy” rating and issued a $4.00 price target on shares of eMagin in a report on Friday, June 23rd. Finally, Zacks Investment Research cut shares of eMagin from a “buy” rating to a “sell” rating in a report on Tuesday, May 16th.

In other eMagin news, major shareholder Stillwater Holdings Llc bought 50,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were bought at an average cost of $2.00 per share, for a total transaction of $100,000.00. Following the acquisition, the insider now directly owns 1,283,501 shares in the company, valued at $2,567,002. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

eMagin (NYSE EMAN) traded down 2.00% during trading on Wednesday, hitting $2.45. 36,555 shares of the company traded hands. The stock’s market capitalization is $77.55 million. The company’s 50 day moving average is $2.49 and its 200-day moving average is $2.41. eMagin has a 52 week low of $1.85 and a 52 week high of $3.30.

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eMagin Company Profile

eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.

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