ESS Tech, Inc. reports results for the quarter ended June 30 - Earnings Summary
ESS Tech, Inc. reports results for the quarter ended June 30 - Earnings Summary
ESS Tech, Inc. GWH.N reported a quarterly adjusted loss of 46 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -90 cents. The lone analyst forecast for the quarter was for a loss of 44 cents per share.
Revenue fell 96.9% to $73.00 thousand from a year ago; analysts expected $100.00 thousand.
ESS Tech, Inc.'s reported EPS for the quarter was a loss of 46 cents.
The company reported a quarterly loss of $15.55 million.
ESS Tech, Inc. shares had fallen by 38.8% this quarter and lost 69.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 76% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"
Wall Street's median 12-month price target for ESS Tech, Inc. is $2.00, about 70.9% above its last closing price of $0.58
This summary was machine generated from LSEG data August 11 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.44 | -0.46 | Missed |
Mar. 31 2026 | -0.29 | -0.54 | Missed |
Dec. 31 2025 | -0.76 | -1.20 | Missed |
Sep. 30 2025 | -1.00 | -0.73 | Beat |
Recent news on ESS Tech
See all newsBrief: ESS Tech Announces $3.2 Million Registered Direct Offering And Concurrent Private Placement
ESS Tech, Inc. reports results for the quarter ended June 30 - Earnings Summary
ESS Tech, Inc. expected to post a loss of 38 cents a share - Earnings Preview
ESS Tech Q2 net loss widens on fewer deliveries, higher operating costs
Brief: Ess Tech Q2 Operating Expenses USD 7.713 Million