ESS Tech Inc reports results for the quarter ended March 31 - Earnings Summary

ESS Tech

15/05/2025 22:01

ESS Tech Inc GWH.N reported a quarterly adjusted loss of $1.50​​ per share for the quarter ended March 31, identical to the same quarter last year.  The mean expectation of three analysts for the quarter was for a loss of $1.24 per share. Wall Street expected results to range from $-1.66 to -75 cents per share.

Revenue fell 78.1% to $599.00 thousand from a year ago; analysts expected $3.45 million.

ESS Tech Inc's reported EPS for the quarter was a loss of $1.50​.

The company reported a quarterly loss of $18.03 million.

ESS Tech Inc shares had fallen by 16.0% this quarter and lost 53.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 14.2% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is  "buy."

Wall Street's median 12-month price target for ESS Tech Inc is $3.00

This summary was machine generated from LSEG data May 15 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
Mar. 31 2025
-1.24
-1.50
Missed
Dec. 31 2024
-1.37
-1.97
Missed
Sep. 30 2024
-1.26
-1.90
Missed
Jun. 30 2024
-1.53
-1.80
Missed