Eos Energy Enterprises Inc reports results for the quarter ended in January 1 - Earnings Summary

Eos Energy Enterprises

06/11/2024 04:36

* Eos Energy Enterprises Inc  EOSE.OQ  reported a quarterly
adjusted loss of $1.77​​ per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 11 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 18 cents per
share. Wall Street expected results to range from -23 cents
to -12 cents per share.
    * Revenue rose 24.9% to $854.00 thousand from a year ago;
analysts
expected $6.48 million. 
    * Eos Energy Enterprises Inc's reported EPS for the quarter
was a
loss of $1.77​.
    * The company reported a quarterly loss of $384.13 million.
    * Eos Energy Enterprises Inc shares had fallen by 1.7% this
quarter and gained 167.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Eos Energy
Enterprises Inc is $4.00 
This summary was machine generated from LSEG data November 6 at
04:36 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.18          -1.77          Missed
 Jun. 30 2024      -0.19          -0.24          Missed
 Mar. 31 2024      -0.25          -0.23          Beat
 Dec. 31 2023      -0.25          -0.16          Beat