Eos Energy Enterprises (EOSE) Set to Announce Quarterly Earnings on Tuesday

Eos Energy Enterprises (NASDAQ:EOSE) will issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Eos Energy Enterprises has set its FY 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Eos Energy Enterprises (NASDAQ:EOSE) last announced 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 for the quarter, compared to the consensus estimate 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 Trading Up 1.3 %

Shares of Eos Energy Enterprises stock opened at $3.15 on Monday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66. The stock’s fifty day simple moving average is $2.83 and its 200 day simple moving average is $1.82. The company has a market capitalization of $682.64 million, a PE ratio of -4.57 and a beta of 2.38.

Insider Buying and Selling at Eos Energy Enterprises

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 84,929 shares in the company, valued at $222,513.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the 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 completion of the sale, the director now owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joe Mastrangelo bought 52,800 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the completion of the acquisition, the chief executive officer now owns 909,793 shares of the company’s stock, valued at $1,301,003.99. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

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

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.