Eos Energy Enterprises (NASDAQ:EOSE – Get Rating) will be releasing its earnings data before the market opens on Tuesday, August 2nd. Analysts expect Eos Energy Enterprises to post earnings of ($0.65) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Eos Energy Enterprises (NASDAQ:EOSE – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.30). Eos Energy Enterprises had a negative return on equity of 317.81% and a negative net margin of 1,921.25%. The business had revenue of $3.30 million for the quarter, compared to the consensus estimate of $4.22 million. During the same quarter in the previous year, the company earned ($0.42) earnings per share. On average, analysts expect Eos Energy Enterprises to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Eos Energy Enterprises Stock Up 17.8 %
Shares of Eos Energy Enterprises stock opened at $3.17 on Friday. The company has a debt-to-equity ratio of 3.16, a current ratio of 2.84 and a quick ratio of 2.54. Eos Energy Enterprises has a 1 year low of $1.00 and a 1 year high of $16.72. The firm’s 50-day moving average is $1.75 and its two-hundred day moving average is $2.74. The stock has a market cap of $172.59 million, a price-to-earnings ratio of -1.13 and a beta of 2.06.
Institutional Trading of Eos Energy Enterprises
A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Eos Energy Enterprises by 379.4% in the 1st quarter. Bank of America Corp DE now owns 249,372 shares of the company’s stock worth $1,043,000 after purchasing an additional 197,356 shares in the last quarter. Virtu Financial LLC acquired a new stake in Eos Energy Enterprises in the 1st quarter worth approximately $57,000. Evercore Wealth Management LLC acquired a new stake in Eos Energy Enterprises in the 1st quarter worth approximately $84,000. Goldman Sachs Group Inc. boosted its stake in Eos Energy Enterprises by 33.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 123,769 shares of the company’s stock worth $517,000 after purchasing an additional 30,884 shares in the last quarter. Finally, State Street Corp raised its position in Eos Energy Enterprises by 3.7% during the 1st quarter. State Street Corp now owns 1,933,724 shares of the company’s stock worth $8,083,000 after buying an additional 68,531 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, B. Riley dropped their target price on shares of Eos Energy Enterprises from $13.00 to $7.00 in a report on Wednesday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.
Eos Energy Enterprises Company Profile
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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