Wall Street analysts expect Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Rating) to announce $5.17 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Eos Energy Enterprises’ earnings, with the lowest sales estimate coming in at $5.00 million and the highest estimate coming in at $5.33 million. Eos Energy Enterprises posted sales of $610,000.00 in the same quarter last year, which suggests a positive year-over-year growth rate of 747.5%. The firm is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Eos Energy Enterprises will report full-year sales of $51.38 million for the current financial year, with estimates ranging from $50.05 million to $52.70 million. For the next year, analysts forecast that the business will report sales of $210.60 million, with estimates ranging from $185.45 million to $235.75 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Eos Energy Enterprises.
Eos Energy Enterprises (NASDAQ:EOSE – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.29). Eos Energy Enterprises had a negative return on equity of 317.81% and a negative net margin of 1,921.25%. During the same period in the previous year, the firm posted ($0.42) earnings per share.
In other Eos Energy Enterprises news, CEO Joe Mastrangelo acquired 70,000 shares of the stock in a transaction dated Thursday, May 12th. The stock was purchased at an average price of $1.40 per share, with a total value of $98,000.00. Following the transaction, the chief executive officer now directly owns 338,727 shares of the company’s stock, valued at $474,217.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alexander Dimitrief purchased 20,000 shares of the stock in a transaction on Tuesday, March 1st. The shares were purchased at an average cost of $2.92 per share, with a total value of $58,400.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 206,350 shares of company stock worth $474,779 over the last 90 days. 8.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its stake in shares of Eos Energy Enterprises by 28.8% during the 4th quarter. Legal & General Group Plc now owns 2,899,961 shares of the company’s stock valued at $21,808,000 after buying an additional 649,155 shares during the last quarter. Invesco Ltd. increased its stake in shares of Eos Energy Enterprises by 26.5% in the 4th quarter. Invesco Ltd. now owns 2,760,549 shares of the company’s stock valued at $20,759,000 after purchasing an additional 578,512 shares in the last quarter. BlackRock Inc. increased its stake in shares of Eos Energy Enterprises by 1.1% in the 1st quarter. BlackRock Inc. now owns 2,668,119 shares of the company’s stock valued at $11,153,000 after purchasing an additional 27,981 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Eos Energy Enterprises by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 2,098,832 shares of the company’s stock valued at $8,773,000 after purchasing an additional 120,677 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Eos Energy Enterprises by 54.4% in the 4th quarter. State Street Corp now owns 1,865,193 shares of the company’s stock valued at $14,026,000 after purchasing an additional 656,842 shares in the last quarter. 64.36% of the stock is owned by institutional investors.
EOSE stock opened at $1.40 on Friday. Eos Energy Enterprises has a 1-year low of $1.33 and a 1-year high of $21.80. The business has a fifty day moving average price of $3.11 and a 200-day moving average price of $5.55. The company has a debt-to-equity ratio of 3.16, a current ratio of 2.84 and a quick ratio of 4.33. The stock has a market capitalization of $75.54 million, a P/E ratio of -0.50 and a beta of 2.22.
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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