FY2027 Earnings Forecast for ESS Tech Issued By Roth Capital

Key Points

• Roth Capital has issued a FY2027 earnings forecast for ESS Tech, estimating a loss of ($0.57) per share, along with a "Buy" rating and a price target of $3.50.
• ESS Tech reported a quarterly earnings loss of ($0.90) per share, which was below the consensus estimate, but had revenue much higher than expected at $2.36 million.
• Despite these challenges, ESS Tech's stock has surged 146.8% recently, trading at $4.25 with a 52-week range of $0.76 to $10.12.

ESS Tech, Inc. (NYSE:GWH - Free Report) - Investment analysts at Roth Capital issued their FY2027 earnings per share (EPS) estimates for shares of ESS Tech in a report released on Friday, October 10th. Roth Capital analyst J. Clare forecasts that the company will earn ($0.57) per share for the year. Roth Capital has a "Buy" rating and a $3.50 price objective on the stock. The consensus estimate for ESS Tech's current full-year earnings is ($6.87) per share.

Several other analysts also recently commented on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ESS Tech in a research note on Wednesday, October 8th. Wall Street Zen raised ESS Tech from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Robert W. Baird reduced their price objective on ESS Tech from $6.00 to $2.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, ESS Tech presently has a consensus rating of "Reduce" and an average target price of $2.88.

ESS Tech Stock Up 146.8%

GWH opened at $4.25 on Monday. The business has a 50 day moving average price of $1.65 and a two-hundred day moving average price of $1.79. The company has a market cap of $61.81 million, a PE ratio of -0.68 and a beta of 1.23. ESS Tech has a 52 week low of $0.76 and a 52 week high of $10.12.

ESS Tech (NYSE:GWH - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.88) by ($0.02). The company had revenue of $2.36 million for the quarter, compared to analysts' expectations of $0.60 million. ESS Tech had a negative net margin of 1,217.22% and a negative return on equity of 321.20%.

About ESS Tech

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.

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