Eos Energy Enterprises (EOSE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Eos Energy Enterprises reported disappointing Q3/2024 results, with revenues falling well short of consensus expectations and record-high cash usage. A supply chain issue will continue to impact sales in the near-term. As a result, management has lowered full-year expectations significantly. The sales underperformance resulted in a covenant breach under Eos Energy's new credit facility with Cerberus Capital Management, but the company managed to secure a waiver.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Liz Higley - Director, Investor Relations Joe Mastrangelo - Chief Executive Officer Nathan Kroeker - Chief Financial Officer Conference Call Participants Thomas Boyes - TD Cowan Martin Malloy - Johnson Rice & Company Stephen Gengaro - Stifel Financial Corp. Joseph Osha - Guggenheim Securities Chip Moore - ROTH Capital Partners Operator Good morning and welcome to the EOS Energy Enterprises Third Quarter 2024 Conference Call. As a reminder, today's call is being recorded and your participation implies consent to such recording.
Eos Energy Enterprises, Inc. (EOSE) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.05 per share a year ago.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Liz Higley - Director, Investor Relations Joe Mastrangelo - Chief Executive Officer Nathan Kroeker - Chief Financial Officer Conference Call Participants Chip Moore - ROTH Martin Malloy - Johnson Rice & Company Ryan Pfingst - B. Riley Operator Ladies and gentlemen, thank you for standing by.
Eos Energy Enterprises, Inc. (EOSE) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.60 per share a year ago.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Free Report) – Research analysts at Roth Capital lifted their Q2 2024 EPS estimates for shares of Eos Energy Enterprises in a report issued on Wednesday, May 15th. Roth Capital analyst C. Moore now forecasts that the company will earn ($0.20) per share for the quarter, up from their prior estimate of ($0.22). The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($0.82) per share. Roth Capital also issued estimates for Eos Energy Enterprises’ FY2024 earnings at ($0.76) EPS, Q1 2025 earnings at ($0.13) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.35) EPS. EOSE has been the subject of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Eos Energy Enterprises in a research report on Wednesday, May 15th. Evercore ISI lowered their price objective on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday. Roth Mkm lowered their price objective on shares of Eos Energy Enterprises from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Thursday. Guggenheim lowered their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, TD Cowen lowered their price objective on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.83. Check Out Our Latest Report on EOSE Eos Energy Enterprises Stock Up 1.1 % Shares of NASDAQ:EOSE opened at $0.71 on Monday. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $5.67. The company has a 50 day moving average of $0.86 and a two-hundred day moving average of $1.03. The company has a market capitalization of $144.63 million, a price-to-earnings ratio of -0.46 and a beta of 2.29. Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last posted its earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.06. The business had revenue of $6.61 million for the quarter. Hedge Funds Weigh In On Eos Energy Enterprises Institutional investors and hedge funds have recently made changes to their positions in the business. Twin Focus Capital Partners LLC purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at approximately $54,000. Grimes & Company Inc. bought a new position in Eos Energy Enterprises during the fourth quarter worth $44,000. Price T Rowe Associates Inc. MD lifted its stake in Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after purchasing an additional 18,735 shares during the last quarter. Powell Investment Advisors LLC lifted its stake in Eos Energy Enterprises by 155.6% during the fourth quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $50,000 after purchasing an additional 28,000 shares during the last quarter. Finally, Elevatus Welath Management bought a new position in Eos Energy Enterprises during the fourth quarter worth $70,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors. About Eos Energy Enterprises (Get Free Report) Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility. Read More Five stocks we like better than Eos Energy Enterprises What Is WallStreetBets and What Stocks Are They Targeting? MarketBeat Week in Review – 5/13 – 5/17 5 Top Rated Dividend Stocks to Consider Take-Two Interactive Software Offers 2nd Chance for Investors Options Trading – Understanding Strike Price Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook