Wall Street analysts expect EnSync Inc (NASDAQ:ESNC) to report earnings of ($0.08) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for EnSync’s earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.08). EnSync reported earnings of ($0.12) per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is expected to report its next quarterly earnings results on Thursday, September 14th.

On average, analysts expect that EnSync will report full year earnings of ($0.37) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.36). For the next fiscal year, analysts forecast that the company will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.26) to ($0.17). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow EnSync.

EnSync (NASDAQ:ESNC) last issued its quarterly earnings results on Thursday, May 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). EnSync had a negative return on equity of 264.98% and a negative net margin of 9,073.13%. The firm had revenue of $0.05 million for the quarter, compared to analyst estimates of $1.20 million.

Separately, Zacks Investment Research upgraded EnSync from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

Shares of EnSync (ESNC) traded up 0.127% during trading on Friday, reaching $0.395. The company’s stock had a trading volume of 1,027 shares. EnSync has a 52-week low of $0.31 and a 52-week high of $1.42. The stock’s market cap is $18.96 million. The stock’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.55.

An institutional investor recently bought a new position in EnSync stock. ICM Asset Management Inc. WA acquired a new stake in EnSync Inc (NASDAQ:ESNC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned approximately 1.04% of EnSync at the end of the most recent quarter.

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EnSync Company Profile

EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.

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