Zacks: Analysts Anticipate Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Will Post Earnings of -$0.21 Per Share

Equities research analysts forecast that Eos Energy Enterprises, Inc. (NASDAQ:EOSE) will post ($0.21) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eos Energy Enterprises’ earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.18). The firm is scheduled to report its next quarterly earnings report on Wednesday, August 11th.

On average, analysts expect that Eos Energy Enterprises will report full-year earnings of ($1.15) per share for the current financial year, with EPS estimates ranging from ($1.24) to ($1.05). For the next year, analysts anticipate that the company will report earnings of ($0.54) per share, with EPS estimates ranging from ($0.64) to ($0.44). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Eos Energy Enterprises.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Wednesday, May 12th. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.25).

Separately, Zacks Investment Research cut shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, April 30th.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at $31,000. Larson Financial Group LLC purchased a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at $32,000. Valeo Financial Advisors LLC bought a new stake in Eos Energy Enterprises during the 1st quarter valued at $59,000. Focused Wealth Management Inc bought a new stake in Eos Energy Enterprises during the 4th quarter valued at $83,000. Finally, Vontobel Holding Ltd. bought a new stake in Eos Energy Enterprises during the 1st quarter valued at $211,000. 32.85% of the stock is owned by institutional investors.

EOSE stock opened at $19.35 on Tuesday. Eos Energy Enterprises has a one year low of $9.75 and a one year high of $31.95. The stock has a market cap of $1.18 billion and a PE ratio of -2.65. The business has a 50 day moving average of $15.54.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. The company offers stationary battery storage solutions. Its flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market.

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Earnings History and Estimates for Eos Energy Enterprises (NASDAQ:EOSE)

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