Zacks: Analysts Expect Revolution Lighting Technologies Inc (RVLT) Will Post Quarterly Sales of $38.75 Million
Equities analysts expect Revolution Lighting Technologies Inc (NASDAQ:RVLT) to post sales of $38.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Revolution Lighting Technologies’ earnings, with estimates ranging from $38.50 million to $39.00 million. Revolution Lighting Technologies reported sales of $43.10 million in the same quarter last year, which would suggest a negative year over year growth rate of 10.1%. The company is scheduled to report its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Revolution Lighting Technologies will report full year sales of $154.60 million for the current year, with estimates ranging from $154.20 million to $155.00 million. For the next year, analysts expect that the business will post sales of $168.35 million, with estimates ranging from $166.70 million to $170.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Revolution Lighting Technologies.
Revolution Lighting Technologies (NASDAQ:RVLT) last issued its earnings results on Thursday, August 2nd. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). Revolution Lighting Technologies had a negative return on equity of 9.36% and a negative net margin of 35.43%. The business had revenue of $36.44 million for the quarter, compared to analysts’ expectations of $40.57 million.
Shares of Revolution Lighting Technologies stock traded up $0.08 during trading on Friday, hitting $2.65. 26,960 shares of the company’s stock were exchanged, compared to its average volume of 173,910. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.38 and a quick ratio of 1.57. Revolution Lighting Technologies has a 52-week low of $2.18 and a 52-week high of $6.15. The stock has a market cap of $63.84 million, a PE ratio of -7.79 and a beta of 0.08.
About Revolution Lighting Technologies
Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.
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