FY2025 Earnings Estimate for EOSE Issued By B. Riley

Key Points

• Analysts at B. Riley have raised their earnings estimates for Eos Energy Enterprises, projecting a loss of ($0.65) per share for FY2025, an improvement from the previous estimate of ($0.66).
• The company reported a larger-than-expected loss of ($1.05) per share in its latest quarterly earnings, significantly missing the consensus estimate of ($0.17).
• Despite the recent performance, Eos Energy Enterprises has a consensus rating of "Hold" among analysts, with five rated as "Hold" and two as "Buy".

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) - Analysts at B. Riley raised their FY2025 earnings per share (EPS) estimates for shares of Eos Energy Enterprises in a note issued to investors on Wednesday, July 30th. B. Riley analyst R. Pfingst now expects that the company will post earnings of ($0.65) per share for the year, up from their prior estimate of ($0.66). The consensus estimate for Eos Energy Enterprises' current full-year earnings is ($2.54) per share. B. Riley also issued estimates for Eos Energy Enterprises' FY2026 earnings at ($0.12) EPS.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.88). The business had revenue of $15.24 million during the quarter, compared to analyst estimates of $24.96 million.

Other analysts have also issued reports about the company. Wall Street Zen lowered Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday. Stifel Nicolaus lowered their price target on Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research note on Monday, June 9th. Guggenheim lowered their price target on Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. Finally, TD Cowen lifted their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.38.

Eos Energy Enterprises Stock Up 1.1%

Shares of NASDAQ:EOSE traded up $0.07 during trading on Friday, hitting $6.28. The stock had a trading volume of 10,048,405 shares, compared to its average volume of 10,459,893. Eos Energy Enterprises has a 12-month low of $1.39 and a 12-month high of $7.36. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -1.20 and a beta of 2.07. The stock has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $4.95.

Institutional Trading of Eos Energy Enterprises

Several hedge funds have recently modified their holdings of the business. Bank of Montreal Can acquired a new stake in shares of Eos Energy Enterprises in the 2nd quarter valued at approximately $2,061,000. Integrity Alliance LLC. increased its position in Eos Energy Enterprises by 73.3% during the second quarter. Integrity Alliance LLC. now owns 52,000 shares of the company's stock worth $266,000 after buying an additional 22,000 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Eos Energy Enterprises during the second quarter worth $39,000. James Investment Research Inc. boosted its holdings in shares of Eos Energy Enterprises by 79.4% during the second quarter. James Investment Research Inc. now owns 105,747 shares of the company's stock worth $541,000 after purchasing an additional 46,788 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Eos Energy Enterprises by 7.9% in the second quarter. Teacher Retirement System of Texas now owns 34,348 shares of the company's stock valued at $176,000 after acquiring an additional 2,501 shares during the last quarter. 54.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 36,173 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.86, for a total transaction of $248,146.78. Following the completion of the sale, the chief accounting officer directly owned 95,624 shares of the company's stock, valued at approximately $655,980.64. This trade represents a 27.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joe Mastrangelo sold 270,384 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $6.86, for a total value of $1,854,834.24. Following the sale, the chief executive officer directly owned 1,109,409 shares of the company's stock, valued at $7,610,545.74. The trade was a 19.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,108,053 shares of company stock worth $6,901,858. Insiders own 3.63% of the company's stock.

About Eos Energy Enterprises

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.