Brokers Set Expectations for Eos Energy Enterprises, Inc.’s FY2022 Earnings (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSEGet Rating) – B. Riley reduced their FY2022 earnings per share estimates for Eos Energy Enterprises in a note issued to investors on Wednesday, November 9th. B. Riley analyst C. Souther now expects that the company will earn ($3.75) per share for the year, down from their previous estimate of ($3.34). The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($3.32) per share. B. Riley also issued estimates for Eos Energy Enterprises’ Q4 2022 earnings at ($0.79) EPS, Q1 2023 earnings at ($0.61) EPS, Q2 2023 earnings at ($0.57) EPS, Q3 2023 earnings at ($0.25) EPS, Q4 2023 earnings at ($0.22) EPS, FY2023 earnings at ($1.63) EPS and FY2024 earnings at ($0.35) EPS.

Eos Energy Enterprises Trading Down 7.0 %

Eos Energy Enterprises stock opened at $1.20 on Friday. The company has a market capitalization of $71.58 million, a price-to-earnings ratio of -0.34 and a beta of 3.44. Eos Energy Enterprises has a 12 month low of $1.00 and a 12 month high of $11.13. The stock’s 50 day moving average is $1.71 and its 200-day moving average is $1.85.

Insider Buying and Selling

In other Eos Energy Enterprises news, Director Daniel Shribman sold 50,000 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $1.17, for a total transaction of $58,500.00. Following the completion of the sale, the director now directly owns 33,960 shares in the company, valued at $39,733.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at $33,000. Gruss & Co. LLC acquired a new stake in Eos Energy Enterprises during the 3rd quarter worth about $334,000. Prelude Capital Management LLC acquired a new stake in Eos Energy Enterprises during the 2nd quarter worth about $90,000. Goldman Sachs Group Inc. grew its holdings in Eos Energy Enterprises by 48.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 183,432 shares of the company’s stock worth $222,000 after acquiring an additional 59,663 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Eos Energy Enterprises during the 2nd quarter worth about $73,000. 57.30% of the stock is currently owned by institutional investors.

About Eos Energy Enterprises

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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 and Estimates for Eos Energy Enterprises (NASDAQ:EOSE)

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