ERock (NYSE:EROC) Releases Earnings Results, Beats Estimates By $0.25 EPS

ERock (NYSE:EROC) issued its quarterly earnings data on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25, Zacks reports.

ERock Trading Up 6.3%

ERock stock traded up $0.66 during mid-day trading on Tuesday, reaching $11.17. 3,029,457 shares of the company traded hands, compared to its average volume of 1,956,439. The company has a fifty day moving average price of $13.32. ERock has a fifty-two week low of $8.88 and a fifty-two week high of $20.70.

Analyst Ratings Changes

A number of research firms recently commented on EROC. Evercore assumed coverage on shares of ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $28.00 target price for the company. Morgan Stanley assumed coverage on shares of ERock in a report on Monday, July 6th. They issued an “overweight” rating and a $21.00 price target on the stock. Zacks Research raised ERock to a “hold” rating in a research report on Tuesday, July 7th. Bank of America upgraded ERock from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, July 17th. Finally, Wolfe Research assumed coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ERock presently has a consensus rating of “Buy” and an average target price of $22.62.

About ERock

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.