ESS Tech (GWH) to Release Earnings on Tuesday

ESS Tech (NYSE:GWH) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect ESS Tech to post earnings of ($0.13) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ESS Tech (NYSE:GWH) last posted its quarterly earnings data 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 the consensus estimate 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 Down 2.8 %

Shares of NYSE:GWH traded down $0.02 during mid-day trading on Tuesday, reaching $0.74. 75,983 shares of the stock were exchanged, compared to its average volume of 880,150. ESS Tech has a one year low of $0.61 and a one year high of $2.12. The stock’s 50 day simple moving average is $0.75 and its 200-day simple moving average is $1.02.

Analyst Ratings Changes

A number of research analysts have weighed in on GWH shares. Robert W. Baird decreased their price target on ESS Tech from $4.00 to $3.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th. Chardan Capital reduced their target price on ESS Tech from $1.90 to $0.80 and set a “neutral” rating for the company in a research note on Friday, March 15th. Finally, Canaccord Genuity Group reduced their target price on ESS Tech from $1.75 to $1.25 and set a “hold” rating for the company in a research note on Thursday, March 14th.

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.