Eos Energy Enterprises (EOSE) to Release Earnings on Tuesday

Eos Energy Enterprises (NASDAQ:EOSE) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Eos Energy Enterprises has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Tuesday, August 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The business had revenue of $0.90 million for the quarter, compared to the consensus estimate of $4.38 million. On average, analysts expect Eos Energy Enterprises to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Eos Energy Enterprises Trading Up 3.3 %

Eos Energy Enterprises stock opened at $3.45 on Tuesday. Eos Energy Enterprises has a 1-year low of $0.61 and a 1-year high of $3.66. The firm’s fifty day simple moving average is $2.75 and its 200-day simple moving average is $1.75. The company has a market capitalization of $718.04 million, a P/E ratio of -2.21 and a beta of 2.40.

Insider Transactions at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the transaction, the director now directly owns 84,929 shares in the company, valued at $222,513.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Joe Mastrangelo acquired 52,800 shares of Eos Energy Enterprises stock in a transaction on Friday, August 9th. The stock was bought at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the transaction, the chief executive officer now owns 909,793 shares of the company’s stock, valued at $1,301,003.99. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the sale, the director now owns 84,929 shares in the company, valued at approximately $222,513.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Eos Energy Enterprises presently has an average rating of “Moderate Buy” and a consensus price target of $3.67.

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.