Orion Energy Systems, Inc. (OESX) Reports Q3 Loss, Lags Revenue Estimates

Financial Performance - Orion Energy Systems reported a quarterly loss of $0.05 per share, better than the Zacks Consensus Estimate of a loss of$ 0.06, and an improvement from a loss of $0.07 per share a year ago, representing an earnings surprise of 16.67% [1] - The company posted revenues of$ 19.58 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 28.66%, compared to year-ago revenues of $25.97 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [2] Stock Performance - Orion Energy Systems shares have increased approximately 3.7% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is -$ 0.02 on revenues of $32.56 million, and -$ 0.30 on revenues of $99.28 million for the current fiscal year [7] - The outlook for the industry, specifically the Building Products - Lighting sector, is currently in the top 35% of Zacks industries, suggesting a favorable environment for stock performance [8]