Kopin(US:KOPN) Zacks Investment Researchยท2024-05-14 14:11Group 1: Financial Performance - Kopin reported a quarterly loss of $0.06 per share, which aligns with the Zacks Consensus Estimate, compared to a loss of $0.03 per share a year ago [1] - The company posted revenues of $10.03 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 11.98%, but down from $10.76 million year-over-year [2] - Over the last four quarters, Kopin has exceeded consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Kopin shares have declined approximately 62.4% since the beginning of the year, while the S&P 500 has gained 9.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.04 on revenues of $9.81 million, and for the current fiscal year, it is -$0.10 on revenues of $45.6 million [7] - The estimate revisions trend for Kopin is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Group 3: Industry Context - The Electronics - Miscellaneous Products industry, to which Kopin belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Kopin's stock performance [5]