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

ESS Tech

09/05/2023 23:06

* Ess Tech Inc  GWH.N  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue was $372.00 thousand​; analysts expected $4.51
million. 
    * Ess Tech Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 26.6%
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 21.6% this quarter and
lost 55.1% so far this year.
    * The company reported a quarterly loss of $21.9 million.
    * Wall Street's median 12-month price target for Ess Tech
Inc is
$4.00 
    * 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 LSEG Refinitiv data May
9 at 10:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.18          -0.14          Beat
 Dec. 31 2022      -0.19          -0.16          Beat
 Sep. 30 2022      -0.17          -0.21          Missed
 Jun. 30 2022      -0.15          -0.10          Beat