Eos Energy Enterprises (EOSE) Set to Announce Earnings on Tuesday

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Eos Energy Enterprises has set its FY 2024 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.11). The business had revenue of $0.90 million during the quarter, compared to analysts' expectations of $4.38 million. On average, analysts expect Eos Energy Enterprises to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Eos Energy Enterprises Price Performance

Shares of EOSE remained flat at $3.45 on Tuesday. The stock had a trading volume of 5,225,110 shares, compared to its average volume of 6,699,388. The firm has a market capitalization of $718.04 million, a price-to-earnings ratio of -2.21 and a beta of 2.40. The company's 50-day moving average price is $2.75 and its 200-day moving average price is $1.75. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reaffirmed a "buy" rating and issued a $6.00 target price on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.67.

Insider Transactions at Eos Energy Enterprises

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the transaction, the director now owns 84,929 shares in the company, valued at approximately $222,513.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Eos Energy Enterprises news, 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 transaction, the director now owns 84,929 shares in the company, valued at approximately $222,513.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joe Mastrangelo purchased 52,800 shares of Eos Energy Enterprises stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $1.43 per share, with a total value of $75,504.00. Following the completion of the purchase, the chief executive officer now directly owns 909,793 shares of the company's stock, valued at approximately $1,301,003.99. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.06% of the stock is owned by insiders.

About Eos Energy Enterprises

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.