Research Analysts Offer Predictions for EOSE Q3 Earnings

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Equities researchers at B. Riley issued their Q3 2024 earnings per share estimates for Eos Energy Enterprises in a research note issued on Monday, November 4th. B. Riley analyst R. Pfingst forecasts that the company will post earnings of ($0.18) per share for the quarter. The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($0.76) per share. B. Riley also issued estimates for Eos Energy Enterprises’ Q4 2024 earnings at ($0.17) EPS, FY2024 earnings at ($0.82) EPS, FY2025 earnings at ($0.44) EPS and FY2026 earnings at ($0.12) EPS.

A number of other analysts also recently commented on EOSE. Roth Mkm reduced their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.58.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $2.76 on Thursday. The business’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $1.85. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The firm had revenue of $0.90 million during the quarter, compared to the consensus estimate of $4.38 million.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, 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 transaction, the director now owns 84,929 shares of the company’s stock, valued at $222,513.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of large investors have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. bought a new stake in Eos Energy Enterprises during the third quarter worth $174,000. Hollencrest Capital Management raised its position in Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after purchasing an additional 7,500 shares during the last quarter. Canal Insurance CO raised its position in Eos Energy Enterprises by 20.0% during the 3rd quarter. Canal Insurance CO now owns 120,000 shares of the company’s stock worth $356,000 after purchasing an additional 20,000 shares during the last quarter. Flagship Private Wealth LLC raised its position in Eos Energy Enterprises by 204.3% during the 3rd quarter. Flagship Private Wealth LLC now owns 32,766 shares of the company’s stock worth $97,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new position in Eos Energy Enterprises during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

About Eos Energy Enterprises

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.