ESS Tech (GWH) Set to Announce Quarterly Earnings on Tuesday

ESS Tech (NYSE:GWH) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect ESS Tech to post earnings of ($0.13) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ESS Tech (NYSE:GWH) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $2.80 million for the quarter, compared to analyst estimates of $4.08 million. ESS Tech had a negative return on equity of 71.44% and a negative net margin of 1,028.89%. 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 Stock Up 1.1 %

NYSE GWH opened at $0.83 on Friday. ESS Tech has a 1-year low of $0.61 and a 1-year high of $2.12. The business’s 50-day simple moving average is $0.75 and its 200-day simple moving average is $1.00.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GWH. Robert W. Baird reduced their price objective on ESS Tech from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. Chardan Capital reduced their price target on ESS Tech from $1.90 to $0.80 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Finally, Canaccord Genuity Group reduced their price target on ESS Tech from $1.75 to $1.25 and set a “hold” rating on the stock in a research 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.