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

ESS Tech

12/08/2022 03:55

* Ess Tech Inc  GWH.N  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 15 cents per share.
    * Revenue was $686.00 thousand​; analysts expected $447.60
thousand. 
    * Ess Tech Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ess Tech Inc shares had risen by 55.2% this quarter and
lost 61.9% so far this year.
    * The company reported a quarterly loss of $15.59 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 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 12
at 02:55 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.15          -0.10          Beat
 Mar. 31 2022      -0.13          -0.03          Beat
 Dec. 31 2021      -0.08          -0.19          Missed
 Sep. 30 2021      -0.06          -5.82          Missed