What is B. Riley’s Forecast for EOSE Q3 Earnings?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Analysts at B. Riley issued their Q3 2024 EPS estimates for shares of Eos Energy Enterprises in a report issued on Monday, November 4th. B. Riley analyst R. Pfingst anticipates 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 equities analysts also recently weighed in on EOSE. Roth Mkm lowered their target price 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. Stifel Nicolaus restated a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ EOSE opened at $2.67 on Thursday. The stock has a market capitalization of $578.62 million, a PE ratio of -4.00 and a beta of 2.38. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66. The stock has a 50 day moving average price of $2.87 and a 200 day moving average price of $1.86.

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

Insiders Place Their Bets

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 shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the sale, the director now directly owns 84,929 shares in the company, valued at $222,513.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Eos Energy Enterprises by 5,744.5% in the 2nd 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 during the period. NewEdge Advisors LLC grew its position in Eos Energy Enterprises by 30.2% during the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock worth $3,288,000 after buying an additional 600,143 shares in the last quarter. Vanguard Group Inc. increased its stake in Eos Energy Enterprises by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock worth $9,657,000 after acquiring an additional 580,022 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock valued at $284,000 after acquiring an additional 249,265 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Eos Energy Enterprises in the 2nd quarter valued at $216,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

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.