ESS Tech Inc reports results for the quarter ended December 31 - Earnings Summary
31/03/2025 22:01
ESS Tech Inc GWH.N reported a quarterly adjusted loss of $1.97 per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $-1.35. The mean expectation of five analysts for the quarter was for a loss of $1.37 per share. Wall Street expected results to range from $-1.67 to $-1.02 per share. Revenue rose 1.9% to $2.85 million from a year ago; analysts expected $5.79 million. ESS Tech Inc's reported EPS for the quarter was a loss of $1.97. The company reported a quarterly loss of $23.48 million. ESS Tech Inc shares had fallen by 43.0% this quarter. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 2.4% in the last three months. In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 "hold" Wall Street's median 12-month price target for ESS Tech Inc is $8.50 This summary was machine generated from LSEG data March 31 at 09:00 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 |
| Dec. 31 2024 | -1.37 | -1.97 | Missed |
| Sep. 30 2024 | -1.26 | -1.90 | Missed |
| Jun. 30 2024 | -1.53 | -1.80 | Missed |
| Mar. 31 2024 | -1.69 | -1.50 | Beat |
Recent news on ESS Tech
See all newsBrief: ESS Tech Announces $3.2 Million Registered Direct Offering And Concurrent Private Placement
ESS Tech, Inc. reports results for the quarter ended June 30 - Earnings Summary
ESS Tech, Inc. expected to post a loss of 38 cents a share - Earnings Preview
ESS Tech Q2 net loss widens on fewer deliveries, higher operating costs
Brief: Ess Tech Q2 Operating Expenses USD 7.713 Million