ESS Tech Inc expected to post a loss of 13 cents a share - Earnings Preview

ESS Tech

04/11/2023 03:02

* ESS Tech Inc  GWH.N   GWH  is expected to show a rise in
quarterly revenue when it reports  results on November 7. 
    * The Wilsonville Oregon-based  company is expected to
report  a
1,486.4% increase in revenue to $3.046 million from $192
thousand a year ago, according to the mean estimate from 7
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for ESS Tech Inc is for
a
loss of 13 cents 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
$2.5​, above​ its last closing price of $1.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  -0.20       -0.19      -0.16     Beat    14.6​
 Sep. 30 2022  -0.16       -0.17      -0.21     Missed  -25.6
 ​​Jun.        -0.15       -0.15      -0.10     Beat    33.3
 30 2022                                                
 Mar. 31 2022  -0.13       -0.14      -0.05     Beat    63.2​
 Dec. 31 2021  -0.08       -0.08      -0.19     Missed  -134.6
 Sep. 30 2021  -0.06       -0.06      -5.82     Missed  -9,337
                                                        .3
 This summary was machine generated November 4 at 03:01 GMT.  All
figures in US dollars  unless otherwise stated