Q3 Earnings Forecast for EOSE Issued By B. Riley

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) - Research analysts at B. Riley issued their Q3 2024 earnings per share (EPS) estimates for Eos Energy Enterprises in a report issued on Monday, November 4th. B. Riley analyst R. Pfingst anticipates that the company will post earnings of ($0.18) per share for the quarter. The consensus estimate for Eos Energy Enterprises' current full-year earnings is ($0.76) per share. B. Riley also issued estimates for Eos Energy Enterprises' Q4 2024 earnings at ($0.17) EPS, FY2024 earnings at ($0.82) EPS, FY2025 earnings at ($0.44) EPS and FY2026 earnings at ($0.12) EPS.

A number of other equities research analysts have also recently issued reports on EOSE. Roth Mkm decreased their price objective on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday. Stifel Nicolaus restated a "buy" rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $3.58.

Eos Energy Enterprises Stock Performance

EOSE stock traded up $0.21 during trading hours on Thursday, hitting $2.76. The company's stock had a trading volume of 8,744,867 shares, compared to its average volume of 6,155,645. The stock has a 50 day moving average price of $2.87 and a two-hundred day moving average price of $1.85. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million during the quarter, compared to analysts' expectations of $4.38 million.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of institutional investors have recently added to or reduced their stakes in EOSE. Millennium Management LLC lifted its position in shares of Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock worth $4,018,000 after buying an additional 3,109,880 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Eos Energy Enterprises by 30.2% during the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company's stock valued at $3,288,000 after acquiring an additional 600,143 shares during the period. Vanguard Group Inc. boosted its stake in shares of Eos Energy Enterprises by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company's stock valued at $9,657,000 after purchasing an additional 580,022 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company's stock worth $284,000 after purchasing an additional 249,265 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth about $216,000. 54.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the transaction, the director now directly owns 84,929 shares in the company, valued at $222,513.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Eos Energy Enterprises news, CEO Joe Mastrangelo bought 52,800 shares of the firm's stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $1.43 per share, for a total transaction of $75,504.00. Following the transaction, the chief executive officer now owns 909,793 shares in the company, valued at approximately $1,301,003.99. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the sale, the director now directly owns 84,929 shares in the company, valued at approximately $222,513.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.

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.