Eos Energy Enterprises, Inc. (NASDAQ:EOSE) to Post Q2 2024 Earnings of ($0.21) Per Share, B. Riley Forecasts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) - B. Riley issued their Q2 2024 EPS estimates for shares of Eos Energy Enterprises in a report issued on Wednesday, July 31st. B. Riley analyst R. Pfingst anticipates that the company will post earnings per share of ($0.21) for the quarter. B. Riley currently has a "Hold" rating on the stock. The consensus estimate for Eos Energy Enterprises' current full-year earnings is ($0.70) per share. B. Riley also issued estimates for Eos Energy Enterprises' Q3 2024 earnings at ($0.23) EPS, Q4 2024 earnings at ($0.19) EPS, FY2024 earnings at ($0.86) EPS, FY2025 earnings at ($0.59) EPS and FY2026 earnings at ($0.14) EPS.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The business had revenue of $6.60 million during the quarter, compared to analysts' expectations of $6.57 million.

A number of other analysts have also issued reports on EOSE. Stifel Nicolaus reiterated a "buy" rating and set a $13.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday, May 15th. Roth Mkm reissued a "buy" rating and set a $4.50 price target on shares of Eos Energy Enterprises in a research report on Friday, June 28th. Evercore ISI decreased their price target on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an "outperform" rating for the company in a research report on Thursday, May 16th. Finally, TD Cowen decreased their price target on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a "hold" rating for the company in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $4.83.

Eos Energy Enterprises Price Performance

NASDAQ EOSE traded up $0.01 during mid-day trading on Friday, hitting $1.83. The company's stock had a trading volume of 5,471,128 shares, compared to its average volume of 6,643,787. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $4.81. The stock's fifty day simple moving average is $1.37 and its two-hundred day simple moving average is $1.08. The firm has a market capitalization of $380.88 million, a P/E ratio of -1.17 and a beta of 2.36.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Eos Energy Enterprises by 74.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company's stock worth $46,000 after purchasing an additional 18,735 shares during the period. American International Group Inc. increased its stake in shares of Eos Energy Enterprises by 41.2% in the first quarter. American International Group Inc. now owns 75,555 shares of the company's stock valued at $78,000 after buying an additional 22,056 shares in the last quarter. Powell Investment Advisors LLC increased its position in Eos Energy Enterprises by 52.2% in the first quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company's stock worth $72,000 after purchasing an additional 24,000 shares during the period. Black Maple Capital Management LP boosted its holdings in Eos Energy Enterprises by 19.8% during the first quarter. Black Maple Capital Management LP now owns 181,248 shares of the company's stock worth $187,000 after buying an additional 30,000 shares during the last quarter. Finally, Elevatus Welath Management boosted its holdings in Eos Energy Enterprises by 50.0% during the first quarter. Elevatus Welath Management now owns 96,267 shares of the company's stock worth $99,000 after buying an additional 32,090 shares during the last quarter. 54.87% of the stock is currently owned by institutional investors.

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.