-$0.30 EPS Expected for Flux Power Holdings, Inc. (NASDAQ:FLUX) This Quarter

Wall Street brokerages forecast that Flux Power Holdings, Inc. (NASDAQ:FLUXGet Rating) will announce ($0.30) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Flux Power’s earnings, with estimates ranging from ($0.31) to ($0.29). Flux Power posted earnings of ($0.14) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 114.3%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Flux Power will report full year earnings of ($1.19) per share for the current financial year, with EPS estimates ranging from ($1.22) to ($1.16). For the next financial year, analysts expect that the business will report earnings of ($0.80) per share, with EPS estimates ranging from ($1.02) to ($0.57). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Flux Power.

Flux Power (NASDAQ:FLUXGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.10). Flux Power had a negative return on equity of 87.33% and a negative net margin of 50.09%. The business had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.94 million. During the same quarter in the previous year, the firm posted ($0.29) EPS.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Flux Power from a “hold” rating to a “sell” rating in a research report on Tuesday, February 15th. Maxim Group dropped their target price on Flux Power from $13.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 11th.

Institutional investors have recently added to or reduced their stakes in the business. Balyasny Asset Management LLC purchased a new stake in Flux Power in the 3rd quarter worth approximately $60,000. Formidable Asset Management LLC raised its stake in shares of Flux Power by 20.8% during the 3rd quarter. Formidable Asset Management LLC now owns 1,598,228 shares of the company’s stock worth $8,119,000 after buying an additional 274,802 shares during the period. Altium Capital Management LP acquired a new position in shares of Flux Power during the 3rd quarter worth approximately $2,652,000. Toroso Investments LLC acquired a new position in shares of Flux Power during the 3rd quarter worth approximately $539,000. Finally, Marshall Wace LLP acquired a new position in shares of Flux Power during the 4th quarter worth approximately $138,000. Institutional investors and hedge funds own 62.47% of the company’s stock.

NASDAQ FLUX traded down $0.09 during trading hours on Wednesday, reaching $2.45. The stock had a trading volume of 294 shares, compared to its average volume of 90,762. The company’s fifty day moving average is $2.64. Flux Power has a 52-week low of $2.00 and a 52-week high of $12.61.

Flux Power Company Profile (Get Rating)

Flux Power Holdings, Inc engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. It focuses on electric fork lifts and airport ground support equipment. The company was founded by Christopher L. Anthony and Michael Johnson on September 21, 1998 and is headquartered in Vista, CA.

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