Eos Energy Enterprises (EOSE) to Release Earnings on Tuesday

Eos Energy Enterprises (NASDAQ:EOSEGet Rating) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 10th. Analysts expect Eos Energy Enterprises to post earnings of ($0.55) per share for the quarter. Eos Energy Enterprises has set its FY 2022 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Eos Energy Enterprises (NASDAQ:EOSEGet Rating) last announced its quarterly earnings data on Friday, February 25th. The company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.10). Eos Energy Enterprises had a negative return on equity of 144.26% and a negative net margin of 2,701.52%. The firm had revenue of $3.10 million during the quarter, compared to the consensus estimate of $3.56 million. During the same quarter in the prior year, the business posted ($7.04) EPS. On average, analysts expect Eos Energy Enterprises to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of Eos Energy Enterprises stock traded down $0.06 during trading on Tuesday, hitting $2.07. 15,883 shares of the company’s stock traded hands, compared to its average volume of 972,184. Eos Energy Enterprises has a twelve month low of $2.01 and a twelve month high of $21.80. The company has a debt-to-equity ratio of 3.16, a current ratio of 4.77 and a quick ratio of 4.33. The company has a market cap of $111.70 million, a PE ratio of -0.90 and a beta of 2.22. The firm’s fifty day moving average price is $3.31 and its 200 day moving average price is $6.10.

In other Eos Energy Enterprises news, CEO Joe Mastrangelo purchased 35,000 shares of the stock in a transaction dated Tuesday, March 1st. The stock was bought at an average price of $2.88 per share, for a total transaction of $100,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Randall B. Gonzales purchased 43,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were acquired at an average cost of $2.75 per share, with a total value of $119,625.00. The disclosure for this purchase can be found here. Insiders have bought 121,350 shares of company stock worth $355,179 over the last three months. 8.00% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of EOSE. Legal & General Group Plc boosted its position in shares of Eos Energy Enterprises by 28.8% in the 4th quarter. Legal & General Group Plc now owns 2,899,961 shares of the company’s stock worth $21,808,000 after purchasing an additional 649,155 shares during the last quarter. BlackRock Inc. grew its position in shares of Eos Energy Enterprises by 3.6% in the 4th quarter. BlackRock Inc. now owns 2,640,138 shares of the company’s stock valued at $19,853,000 after purchasing an additional 91,948 shares during the period. State Street Corp increased its stake in Eos Energy Enterprises by 54.4% during the 4th quarter. State Street Corp now owns 1,865,193 shares of the company’s stock worth $14,026,000 after purchasing an additional 656,842 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Eos Energy Enterprises by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 293,958 shares of the company’s stock worth $2,211,000 after buying an additional 10,306 shares during the period. Finally, Toroso Investments LLC lifted its stake in Eos Energy Enterprises by 46.8% in the fourth quarter. Toroso Investments LLC now owns 120,047 shares of the company’s stock valued at $903,000 after buying an additional 38,273 shares in the last quarter. Institutional investors own 64.36% of the company’s stock.

EOSE has been the subject of a number of recent research reports. B. Riley dropped their target price on Eos Energy Enterprises from $14.00 to $13.00 and set a “buy” rating for the company in a report on Monday, February 28th. Guggenheim began coverage on shares of Eos Energy Enterprises in a research note on Tuesday, March 22nd. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of Eos Energy Enterprises from a “sell” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $20.20.

About Eos Energy Enterprises (Get Rating)

Eos Energy Enterprises, Inc designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. It offers stationary battery storage solutions. The company's 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 for Eos Energy Enterprises (NASDAQ:EOSE)

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