ESS Tech Inc expected to post a loss of 15 cents a share - Earnings Preview

ESS Tech

05/08/2023 03:14

* ESS Tech Inc  GWH.N   GWH  is expected to show a rise in
quarterly revenue when it reports  results on August 8. 
    * The Wilsonville Oregon-based  company is expected to
report  a
572.2% increase in revenue to $4.611 million from $686 thousand
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ESS Tech Inc is for
a
loss of 15 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
$3​, above​ its last closing price of $1.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.19       -0.18      -0.14     Beat    23.7
 Dec. 31 2023  -0.20       -0.19      -0.16     Beat    14.6
 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.        -0.13       -0.14      -0.05     Beat    63.2
 31 2022                                                
 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 August 5 at 02:14 GMT.  All
figures in US dollars  unless otherwise stated