Kopin (KOPN) Set to Announce Earnings on Tuesday

Kopin (NASDAQ:KOPN) will be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Kopin (NASDAQ:KOPN) last posted its earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. The firm had revenue of $12.34 million during the quarter, compared to the consensus estimate of $9.32 million. During the same period in the prior year, the company posted ($0.07) EPS. On average, analysts expect Kopin to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kopin Stock Down 6.8 %

NASDAQ KOPN opened at $0.75 on Friday. The company has a 50-day moving average price of $0.78 and a 200-day moving average price of $0.84. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The firm has a market capitalization of $90.47 million, a P/E ratio of -1.87 and a beta of 2.60.

Analysts Set New Price Targets

Several research firms have weighed in on KOPN. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Kopin in a research report on Monday, October 21st. Finally, Stifel Nicolaus reduced their price target on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.