ESS Tech (GWH) to Release Earnings on Tuesday

ESS Tech (NYSE:GWH) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect ESS Tech to post earnings of ($0.13) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

ESS Tech (NYSE:GWH) last posted its earnings results on Wednesday, March 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $2.80 million for the quarter, compared to analysts’ expectations of $4.08 million. ESS Tech had a negative net margin of 1,028.89% and a negative return on equity of 71.44%. On average, analysts expect ESS Tech to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ESS Tech Trading Up 1.1 %

Shares of GWH stock opened at $0.83 on Monday. The company has a 50 day moving average price of $0.75 and a 200-day moving average price of $0.99. ESS Tech has a 52 week low of $0.61 and a 52 week high of $2.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GWH shares. Chardan Capital cut their target price on shares of ESS Tech from $1.90 to $0.80 and set a “neutral” rating for the company in a research report on Friday, March 15th. Canaccord Genuity Group lowered their target price on ESS Tech from $1.75 to $1.25 and set a “hold” rating on the stock in a report on Thursday, March 14th. Finally, Robert W. Baird reduced their price target on shares of ESS Tech from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th.

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.