Q1 2024 EPS Estimates for Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Reduced by Analyst

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Research analysts at B. Riley decreased their Q1 2024 earnings per share estimates for Eos Energy Enterprises in a research report issued on Wednesday, April 24th. B. Riley analyst C. Souther now expects that the company will post earnings of ($0.33) per share for the quarter, down from their previous estimate of ($0.31). The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Eos Energy Enterprises’ Q2 2024 earnings at ($0.34) EPS, Q3 2024 earnings at ($0.35) EPS, Q4 2024 earnings at ($0.23) EPS, FY2024 earnings at ($1.23) EPS, FY2025 earnings at ($0.68) EPS and FY2026 earnings at $0.35 EPS.

EOSE has been the topic of several other reports. Guggenheim reduced their price objective on Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Evercore ISI reduced their price objective on Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.08.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $0.81 on Friday. The business’s 50 day moving average is $0.95 and its two-hundred day moving average is $1.14. Eos Energy Enterprises has a 1-year low of $0.70 and a 1-year high of $5.67. The stock has a market capitalization of $163.29 million, a P/E ratio of -0.37 and a beta of 2.23.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.06. The company had revenue of $6.61 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC bought a new position in shares of Eos Energy Enterprises during the third quarter valued at approximately $35,000. Grimes & Company Inc. bought a new position in shares of Eos Energy Enterprises during the fourth quarter valued at approximately $44,000. Powell Investment Advisors LLC grew its stake in shares of Eos Energy Enterprises by 155.6% during the fourth quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock valued at $50,000 after buying an additional 28,000 shares during the last quarter. Twin Focus Capital Partners LLC bought a new position in shares of Eos Energy Enterprises during the third quarter valued at approximately $54,000. Finally, Elevatus Welath Management purchased a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $70,000. Institutional investors own 54.87% of the company’s stock.

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.