FY2027 Earnings Forecast for ESS Tech Issued By Roth Capital

ESS Tech, Inc. (NYSE:GWH) – Equities research analysts at Roth Capital issued their FY2027 EPS estimates for shares of ESS Tech in a research report issued to clients and investors on Friday, October 10th. Roth Capital analyst J. Clare forecasts that the company will post earnings per share of ($0.57) for the year. Roth Capital has a “Buy” rating and a $3.50 price objective on the stock. The consensus estimate for ESS Tech’s current full-year earnings is ($6.87) per share.

ESS Tech (NYSE:GWH) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.02). ESS Tech had a negative return on equity of 321.20% and a negative net margin of 1,217.22%.The business had revenue of $2.36 million for the quarter, compared to analysts’ expectations of $0.60 million.

A number of other equities analysts have also issued reports on the stock. Wall Street Zen raised shares of ESS Tech from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ESS Tech in a report on Wednesday, October 8th. Finally, Robert W. Baird cut their target price on shares of ESS Tech from $6.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.88.

ESS Tech Trading Down 16.7%

GWH opened at $7.54 on Monday. ESS Tech has a 12-month low of $0.76 and a 12-month high of $13.87. The firm has a market capitalization of $109.78 million, a PE ratio of -1.20 and a beta of 1.23. The firm has a 50 day moving average of $1.91 and a two-hundred day moving average of $1.87.

ESS Tech Company Profile

ESS Tech, Inc, an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.