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

ESS Tech

13/05/2022 22:08

* Ess Tech Inc  GWH.N  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 13 cents per share.
    * Reported revenue was zero​;  analysts expected $1.11
million. 
    * Ess Tech Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 68.4%
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 26.6% this quarter and
lost 64.2% so far this year.
    * The company reported a quarterly loss of $5.71 million.
    * Wall Street's median 12-month price target for Ess Tech
Inc is
$10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 13 at 09:08 p.m.  ​All
figures in US dollars unless otherwise stated