ESS Tech Inc expected to post a loss of 11 cents a share - Earnings Preview

ESS Tech

03/05/2024 23:13

* ESS Tech Inc  GWH.N   GWH  is expected to show a rise in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Wilsonville Oregon-based  company is expected to
report a
764.8% increase in revenue to $3.217 million from $372 thousand
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ESS Tech Inc is for a
loss
of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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
$1.95​, above​ its last closing price of $0.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              -0.11      -0.09     Beat    18.2
 Sep. 30 2023  -0.12       -0.13      -0.11     Beat    18.1
 Jun. 30 2023  -0.15       -0.15      -0.15     Met     -1.4​
 Mar. 31 2023  -0.19       -0.18      -0.14     Beat    23.7
 ​​Dec.        -0.20       -0.19      -0.16     Beat    14.6
 31 2022                                                
 Sep. 30 2022  -0.16       -0.17      -0.21     Missed  -25.6​
 Jun. 30 2022  -0.15       -0.15      -0.10     Beat    33.3
 Mar. 31 2022  -0.13       -0.14      -0.05     Beat    63.2
 This summary was machine generated May 3 at 22:13 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)