Eos Energy Enterprises (EOSE) Set to Announce 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.Investors that are interested in participating in the company’s conference call can do so using this link.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The company had revenue of $0.90 million for 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 Stock Up 1.3 %

NASDAQ EOSE opened at $3.15 on Friday. The company has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $1.81. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $3.66. The stock has a market capitalization of $682.63 million, a PE ratio of -4.57 and a beta of 2.38.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.67.

Insider Transactions at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction 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 transaction, the director now owns 84,929 shares in the company, valued at $222,513.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’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 value of $78,600.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joe Mastrangelo purchased 52,800 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $1.43 per share, for a total transaction of $75,504.00. Following the completion of the transaction, the chief executive officer now owns 909,793 shares in the company, valued at approximately $1,301,003.99. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.80% of the stock is owned by corporate insiders.

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.