Ess Tech Inc reports results for the quarter ended in December - Earnings Summary

ESS Tech

01/03/2023 23:42

* Ess Tech Inc  GWH.N  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for a loss
of 19 cents per share.
    * Revenue was $16.00 thousand​; analysts expected $650.00
thousand. 
    * Ess Tech Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ess Tech Inc shares had fallen by 25.1% this quarter.
    * The company reported a quarterly loss of $25.08 million.
    * Wall Street's median 12-month price target for Ess Tech
Inc is
$7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 1
at 11:42 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.19          -0.16          Beat
 Sep. 30 2022      -0.17          -0.21          Missed
 Jun. 30 2022      -0.15          -0.10          Beat
 Mar. 31 2022      -0.14          -0.05          Beat