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

ESS Tech (NYSE:GWH) will 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. Parties interested in registering for the company’s conference call can do so using this link.

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

ESS Tech stock opened at $0.83 on Monday. The company’s 50-day moving average price is $0.75 and its 200-day moving average price is $0.99. ESS Tech has a twelve month low of $0.61 and a twelve month high of $2.12.

Analyst Ratings Changes

GWH has been the topic of several research reports. Canaccord Genuity Group reduced their price objective on ESS Tech from $1.75 to $1.25 and set a “hold” rating on the stock in a report on Thursday, March 14th. Robert W. Baird cut their target price on shares of ESS Tech from $4.00 to $3.00 and set an “outperform” rating on the stock in a research report on Thursday, March 14th. Finally, Chardan Capital lowered their price target on ESS Tech from $1.90 to $0.80 and set a “neutral” rating for the company in a 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.