Orion Energy Systems, Inc. (OESX) Q1 Earnings and Revenues Surpass Estimates

Orion Energy Systems, Inc. (OESX) reported a Q1 EPS of $0.47, significantly beating the Zacks Consensus Estimate of a $0.01 loss, and also surpassed revenue expectations with $25.74 million. Despite the strong quarterly performance, the company's shares have underperformed the S&P 500 year-to-date, and its current outlook, based on earnings estimate revisions, results in a Zacks Rank #5 (Strong Sell).