Vuzix Corp reports results for the quarter ended September 30 - Earnings Summary

• Vuzix Corp reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -9 cents. The lone analyst forecast for the quarter was for a loss of 8 cents per share.

• Revenue fell 38.5% to $714.00 thousand from a year ago; analysts expected $1.30 million.

• Vuzix Corp's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $8.39 million.

• Vuzix Corp shares had fallen by 27.2% this quarter and lost 46.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 27.3% 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 "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Vuzix Corp is $6.00, about 66.2% above its last closing price of $2.03

This summary was machine generated from LSEG data November 12 at 10:01 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)