What is Seaport Res Ptn's Forecast for EOSE FY2024 Earnings?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) - Seaport Res Ptn issued their FY2024 earnings per share (EPS) estimates for Eos Energy Enterprises in a report issued on Tuesday, January 7th. Seaport Res Ptn analyst T. Curran forecasts that the company will post earnings of ($2.59) per share for the year. The consensus estimate for Eos Energy Enterprises' current full-year earnings is ($2.52) per share. Seaport Res Ptn also issued estimates for Eos Energy Enterprises' Q4 2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.44) EPS.

Separately, Roth Mkm reduced their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.90.

Eos Energy Enterprises Trading Down 4.2 %

EOSE traded down $0.22 during midday trading on Friday, reaching $4.96. The company's stock had a trading volume of 7,828,661 shares, compared to its average volume of 9,441,625. The company has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $2.79. The stock has a market cap of $1.08 billion, a P/E ratio of -2.06 and a beta of 2.09. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $6.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EOSE. Point72 DIFC Ltd acquired a new stake in Eos Energy Enterprises during the second quarter worth $83,000. Cubist Systematic Strategies LLC boosted its position in shares of Eos Energy Enterprises by 138,544.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company's stock valued at $171,000 after acquiring an additional 134,388 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Eos Energy Enterprises in the second quarter valued at about $216,000. Millennium Management LLC raised its position in Eos Energy Enterprises by 5,744.5% in the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock worth $4,018,000 after purchasing an additional 3,109,880 shares in the last quarter. Finally, Scientech Research LLC bought a new position in Eos Energy Enterprises during the second quarter worth about $36,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.