Q1 2024 EPS Estimates for Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Lowered by Analyst

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Investment analysts at B. Riley reduced their Q1 2024 EPS estimates for Eos Energy Enterprises in a research report issued to clients and investors on Wednesday, April 24th. B. Riley analyst C. Souther now forecasts that the company will earn ($0.33) per share for the quarter, down from their previous forecast of ($0.31). The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Eos Energy Enterprises’ Q2 2024 earnings at ($0.34) EPS, Q3 2024 earnings at ($0.35) EPS, Q4 2024 earnings at ($0.23) EPS, FY2024 earnings at ($1.23) EPS, FY2025 earnings at ($0.68) EPS and FY2026 earnings at $0.35 EPS.

EOSE has been the subject of a number of other research reports. Evercore ISI cut their price objective on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, March 6th. Guggenheim cut their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.08.

Eos Energy Enterprises Price Performance

NASDAQ:EOSE opened at $0.75 on Friday. The firm has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $1.15. Eos Energy Enterprises has a 1-year low of $0.70 and a 1-year high of $5.67.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.06. The business had revenue of $6.61 million during the quarter.

Hedge Funds Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of EOSE. Exchange Traded Concepts LLC acquired a new position in Eos Energy Enterprises during the third quarter worth approximately $35,000. Grimes & Company Inc. acquired a new position in Eos Energy Enterprises during the fourth quarter worth approximately $44,000. Powell Investment Advisors LLC increased its position in Eos Energy Enterprises by 155.6% during the fourth quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $50,000 after purchasing an additional 28,000 shares during the last quarter. Twin Focus Capital Partners LLC acquired a new position in Eos Energy Enterprises during the third quarter worth approximately $54,000. Finally, Elevatus Welath Management acquired a new position in Eos Energy Enterprises during the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.