* Vuzix Corp reported a quarterly adjusted loss of 28 cents per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of three analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -18 cents to -7 cents per share.
* Revenue fell 63.2% to $1.07 million from a year ago; analysts expected $2.16 million.
* Vuzix Corp's reported EPS for the quarter was a loss of 31 cents.
* The company reported a quarterly loss of $19.88 million.
* Vuzix Corp shares had risen by 1.7% this quarter and lost 41.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 12.5% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electronic equipment & parts peer group is also "hold"
Wall Street's median 12-month price target for Vuzix Corp is $3.50 This summary was machine generated from LSEG data April 15 at 09:41 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 -0.14 -0.28 Missed
Sep. 30 2023 -0.15 -0.17 Missed
Jun. 30 2023 -0.17 -0.14 Beat
Mar. 31 2023 -0.15 -0.16 Missed
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