Eos Energy Enterprises Inc (EOSE) Q3 2024 Earnings Report Preview: What To Expect

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Nov 04, 2024
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Eos Energy Enterprises Inc (EOSE, Financial) is set to release its Q3 2024 earnings on Nov 5, 2024. The consensus estimate for Q3 2024 revenue is $6.48 million, and the earnings are expected to come in at -$0.17 per share. The full year 2024's revenue is expected to be $62.33 million and the earnings are expected to be -$0.80 per share. More detailed estimate data can be found on the Forecast page.

Eos Energy Enterprises Inc (EOSE, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Eos Energy Enterprises Inc (EOSE) have declined from $65.99 million to $62.33 million for the full year 2024, and from $305.19 million to $302.60 million for 2025. Earnings estimates have also been adjusted, declining from -$0.74 per share to -$0.80 per share for the full year 2024, while increasing from -$0.32 per share to -$0.30 per share for 2025.

Eos Energy Enterprises Inc (EOSE, Financial) Reported History

In the previous quarter of 2024-06-30, Eos Energy Enterprises Inc's (EOSE) actual revenue was $0.90 million, which missed analysts' revenue expectations of $3.80 million by -76.34%. Eos Energy Enterprises Inc's (EOSE) actual earnings were -$0.25 per share, which missed analysts' earnings expectations of -$0.18 per share by -42.86%. After releasing the results, Eos Energy Enterprises Inc (EOSE) was down by -18.82% in one day.

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Eos Energy Enterprises Inc (EOSE, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 7 analysts, the average target price for Eos Energy Enterprises Inc (EOSE) is $4.14 with a high estimate of $7.00 and a low estimate of $2.00. The average target implies an upside of 31.52% from the current price of $3.15.

Based on GuruFocus estimates, the estimated GF Value for Eos Energy Enterprises Inc (EOSE, Financial) in one year is $11.84, suggesting an upside of 275.87% from the current price of $3.15.

Based on the consensus recommendation from 8 brokerage firms, Eos Energy Enterprises Inc's (EOSE, Financial) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.