EnWave Corp (CVE:ENW) Forecasted to Post Q1 2020 Earnings of $0.00 Per Share

EnWave Corp (CVE:ENW) – Analysts at Raymond James issued their Q1 2020 EPS estimates for EnWave in a research note issued to investors on Tuesday, February 11th. Raymond James analyst S. Hansen anticipates that the company will post earnings of $0.00 per share for the quarter. Raymond James currently has a “Outperform” rating and a $2.50 target price on the stock. Raymond James also issued estimates for EnWave’s Q2 2020 earnings at $0.00 EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.01 EPS, FY2020 earnings at $0.01 EPS, Q1 2021 earnings at $0.01 EPS, Q2 2021 earnings at $0.01 EPS, Q3 2021 earnings at $0.02 EPS, Q4 2021 earnings at $0.02 EPS, FY2021 earnings at $0.06 EPS and FY2022 earnings at $0.09 EPS.

Separately, Cormark lowered their target price on EnWave from C$2.60 to C$2.10 in a research note on Monday, December 16th.

EnWave stock opened at C$1.48 on Thursday. The stock has a fifty day moving average price of C$1.57 and a two-hundred day moving average price of C$1.88. EnWave has a 52-week low of C$1.42 and a 52-week high of C$2.66. The firm has a market capitalization of $161.36 million and a P/E ratio of -77.89.

EnWave (CVE:ENW) last released its quarterly earnings data on Tuesday, December 10th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$16.19 million during the quarter, compared to analysts’ expectations of C$13.50 million.

About EnWave

EnWave Corporation licenses, builds, and installs commercial-scale dehydration platforms for applications in the food, pharmaceutical, and industrial sectors to manufacturing companies in Canada. The company offers radiant energy vacuum (REV) dehydration platforms for food industry, such as nutraREV and quantaREV to dehydrate fruits and vegetables, cheese products, yogurt products, meat products, and snacks.

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Earnings History and Estimates for EnWave (CVE:ENW)

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