ESS Tech (GWH) Scheduled to Post Quarterly Earnings on Tuesday

ESS Tech (NYSE:GWH - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

ESS Tech (NYSE:GWH - Get Free Report) last issued its earnings results on Wednesday, March 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.04. The business had revenue of $2.80 million during the quarter, compared to analysts' expectations of $4.08 million. ESS Tech had a negative return on equity of 71.44% and a negative net margin of 1,028.89%. 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 Stock Performance

GWH traded up $0.01 on Tuesday, reaching $0.77. 346,163 shares of the company's stock were exchanged, compared to its average volume of 883,437. The company has a market cap of $134.57 million, a price-to-earnings ratio of -1.57 and a beta of 1.60. ESS Tech has a twelve month low of $0.61 and a twelve month high of $2.12. The company's 50 day moving average is $0.75 and its 200-day moving average is $1.01.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GWH. Canaccord Genuity Group dropped their price objective on shares of ESS Tech from $1.75 to $1.25 and set a "hold" rating for the company in a research report on Thursday, March 14th. Robert W. Baird decreased 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. Finally, Chardan Capital cut their price objective on ESS Tech from $1.90 to $0.80 and set a "neutral" rating on the stock in a research report on Friday, March 15th.

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.