ESS Tech (GWH) to Release Earnings on Tuesday

ESS Tech (NYSE:GWH) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

ESS Tech (NYSE:GWH) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. ESS Tech had a negative return on equity of 71.44% and a negative net margin of 1,028.89%. The business had revenue of $2.80 million during the quarter, compared to analyst estimates of $4.08 million. On average, analysts expect ESS Tech to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ESS Tech Trading Down 2.8 %

GWH stock traded down $0.02 during trading on Tuesday, reaching $0.74. The company’s stock had a trading volume of 75,983 shares, compared to its average volume of 880,150. ESS Tech has a 1 year low of $0.61 and a 1 year high of $2.12. The company’s fifty day moving average is $0.75 and its 200-day moving average is $1.02.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Chardan Capital dropped their price objective on shares of ESS Tech from $1.90 to $0.80 and set a “neutral” rating for the company in a report on Friday, March 15th. Canaccord Genuity Group lowered their price target on shares of ESS Tech from $1.75 to $1.25 and set a “hold” rating for the company in a report on Thursday, March 14th. Finally, Robert W. Baird lowered their price target on shares of ESS Tech from $4.00 to $3.00 and set an “outperform” rating for the company in a report on Thursday, March 14th.

ESS Tech Company Profile

ESS Tech, Inc, an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.