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

ESS Tech

09/08/2023 03:42

* ESS Tech Inc  GWH.N  reported a quarterly adjusted loss
of 15
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 rose 312.1% to $2.83 million from a year ago;
analysts
expected $4.61 million. 
    * ESS Tech Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.5%
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 risen by 17.0% this quarter and
lost 29.2% so far this year.
    * The company reported a quarterly loss of $22.93 million.
    * Wall Street's median 12-month price target for ESS Tech
Inc is
$3.00 
    * 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 LSEG Refinitiv data
August 9 at 02:42 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.15          -0.15          Met
 Mar. 31 2023      -0.18          -0.14          Beat
 Dec. 31 2022      -0.19          -0.16          Beat
 Sep. 30 2022      -0.17          -0.21          Missed