Eos Energy Enterprises (EOSE) to Release Quarterly Earnings on Tuesday

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

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The company had revenue of $0.90 million during the quarter, compared to analysts’ expectations 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 1.3 %

Shares of EOSE stock opened at $3.15 on Monday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66. The company has a market capitalization of $682.64 million, a P/E ratio of -4.57 and a beta of 2.38. The stock has a 50 day moving average of $2.83 and a two-hundred day moving average of $1.82.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price target on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Eos Energy Enterprises currently has an average rating of “Moderate Buy” and an average target price of $3.67.

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction on Thursday, September 12th. The stock was 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 of the company’s stock, valued at approximately $222,513.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Joe Mastrangelo bought 52,800 shares of the company’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $1.43 per share, with a total value of $75,504.00. Following the completion of the purchase, the chief executive officer now owns 909,793 shares in the company, valued at approximately $1,301,003.99. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was 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 owns 84,929 shares of the company’s stock, valued at $222,513.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

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.