$ 1.81 Million in Sales Expected for ESS Tech, Inc. (NYSE: GWH) This Quarter


Equities research analysts expect that ESS Tech, Inc. (NYSE: GWH – Get Rating) will report sales of $ 1.81 million for the current quarter, Zacks reports. Two analysts have made estimates for ESS Tech’s earnings. The highest sales estimate is $ 2.00 million and the lowest is $ 1.62 million. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ESS Tech will report full year sales of $ 9.36 million for the current fiscal year, with estimates ranging from $ 8.72 million to $ 10.00 million. For the next fiscal year, analysts forecast that the business will post sales of $ 229.35 million, with estimates ranging from $ 214.49 million to $ 244.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow ESS Tech.

ESS Tech (NYSE: GWH – Get Rating) last released its earnings results on Thursday, February 24th. The company reported ($ 0.23) EPS for the quarter, missing the consensus estimate of ($ 0.06) by ($ 0.17).

Several equities research analysts have recently commented on GWH shares. Zacks Investment Research raised ESS Tech from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Robert W. Baird reduced their price target on ESS Tech from $ 15.00 to $ 9.00 in a research report on Friday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on ESS Tech in a research report on Wednesday, March 30th. They issued a “hold” rating and a $ 7.00 price target on the stock. Canaccord Genuity Group reduced their price target on ESS Tech from $ 18.50 to $ 10.00 in a research report on Monday, February 28th. Finally, the Guggenheim began coverage on ESS Tech in a research report on Tuesday, March 22nd. They issued a “buy” rating and a $ 10.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $ 17.57.

NYSE GWH opened at $ 4.95 on Friday. The stock has a fifty day moving average of $ 5.33 and a 200-day moving average of $ 8.73. ESS Tech has a 52 week low of $ 3.58 and a 52 week high of $ 28.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 18.02 and a quick ratio of 18.02.

In other ESS Tech news, Director Michael R. Niggli bought 20,000 shares of ESS Tech stock in a transaction on Tuesday, March 1st. The shares were purchased at an average cost of $ 5.01 per share, for a total transaction of $ 100,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN bought a new stake in shares of ESS Tech in the fourth quarter valued at about $ 56,000. Van ECK Associates Corp bought a new stake in shares of ESS Tech in the fourth quarter valued at about $ 89,000. Penserra Capital Management LLC acquired a new stake in shares of ESS Tech in the fourth quarter valued at about $ 102,000. Advisor Group Holdings Inc. acquired a new stake in shares of ESS Tech in the fourth quarter valued at about $ 107,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of ESS Tech in the fourth quarter valued at about $ 118,000. Institutional investors own 44.12% of the company’s stock.

ESS Tech Company Profile (Get Rating)

ESS Tech, Inc., an energy storage company, designs and manufactures 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.

See Also

Get a free copy of the Zacks research report on ESS Tech (GWH)

For more information about research offers from Zacks Investment Research, visit Zacks.com



Receive News & Ratings for ESS Tech Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ESS Tech and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker