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

Eos Energy Enterprises

06/08/2024 23:22

* Eos Energy Enterprises Inc  EOSE.OQ  reported a quarterly
adjusted loss of 24 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $-1.12.  The mean expectation of six analysts
for the quarter was for a loss of 19 cents per share. Wall
Street expected results to range from -21 cents to -15 cents per
share.
    * Revenue rose 260.6% to $898.00 thousand from a year ago;
analysts expected $3.80 million. 
    * Eos Energy Enterprises Inc's reported EPS for the quarter
was a
loss of 25 cents​.
    * The company reported a quarterly loss of $51.84 million.
    * Eos Energy Enterprises Inc shares had risen by 40.9% this
quarter and gained 64.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18% 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 4 "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 $3.50 
This summary was machine generated from LSEG data August 6 at
10:22 p.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
 Jun. 30 2024      -0.19          -0.24          Missed
 Mar. 31 2024      -0.25          -0.23          Beat
 Dec. 31 2023      -0.25          -0.16          Beat
 Sep. 30 2023      -0.31          0.11           Beat