FY2024 Earnings Estimate for EOSE Issued By Seaport Res Ptn

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Research analysts at Seaport Res Ptn issued their FY2024 earnings estimates for Eos Energy Enterprises in a research note issued to investors on Tuesday, January 7th. Seaport Res Ptn analyst T. Curran forecasts that the company will post earnings per share of ($2.59) for the year. The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($2.52) per share. Seaport Res Ptn also issued estimates for Eos Energy Enterprises’ Q4 2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.44) EPS.

Separately, Roth Mkm lowered their price target on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Stock Down 4.2 %

Shares of NASDAQ:EOSE opened at $4.96 on Friday. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $6.01. The firm has a market capitalization of $1.08 billion, a PE ratio of -2.06 and a beta of 2.09. The company has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $2.80.

Institutional Investors Weigh In On Eos Energy Enterprises

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its stake in Eos Energy Enterprises by 5,744.5% in the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock valued at $4,018,000 after purchasing an additional 3,109,880 shares in the last quarter. NewEdge Advisors LLC raised its stake in Eos Energy Enterprises by 30.2% in the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after purchasing an additional 600,143 shares in the last quarter. Geode Capital Management LLC raised its stake in Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after purchasing an additional 376,494 shares in the last quarter. Brightline Capital Management LLC purchased a new stake in Eos Energy Enterprises in the third quarter valued at approximately $4,871,000. Finally, State Street Corp raised its stake in Eos Energy Enterprises by 9.5% in the third quarter. State Street Corp now owns 875,439 shares of the company’s stock valued at $2,600,000 after purchasing an additional 75,657 shares in the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

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.