ESS Tech Inc expected to post a loss of $1.26 a share - Earnings Preview

ESS Tech

12/11/2024 03:52

* ESS Tech Inc  GWH.N   GWH  is expected to show a rise in
quarterly revenue when it reports  results on November 13 for
the period ending September 30 2024
    * The Wilsonville Oregon-based  company is expected to
report a
264.2% increase in revenue to $5.628 million from $1.55 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ESS Tech Inc is for a
loss of
$1.26 per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ESS Tech
Inc is
$14.00​, above​ its last closing price of $9.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -1.44       -1.53      -1.80     Missed  -18
 Mar. 31 2024  -1.69       -1.69      -1.50     Beat    11.3
 Dec. 31 2023              -1.65      -1.35     Beat    18.2​
 Sep. 30 2023  -1.74       -2.01      -1.65     Beat    18.1
 ​​Jun.        -2.20       -2.22      -2.25     Missed  -1.4
 30 2023                                                
 Mar. 31 2023  -2.83       -2.75      -2.10     Beat    23.7​
 Dec. 31 2022  -2.95       -2.81      -2.40     Beat    14.6
 Sep. 30 2022  -2.47       -2.51      -3.15     Missed  -25.6
 This summary was machine generated November 12 at 03:51 GMT. 
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)