ESS Tech Inc reports results for the quarter ended September 30 - Earnings Summary

• ESS Tech Inc GWH.N reported a quarterly adjusted loss of $1.90​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $-1.65. The mean expectation of seven analysts for the quarter was for a loss of $1.26 per share. Wall Street expected results to range from $-2.10 to -15 cents per share.

• Revenue fell 76.8% to $359.00 thousand from a year ago; analysts expected $5.63 million.

• ESS Tech Inc's reported EPS for the quarter was a loss of $1.90​.

• The company reported a quarterly loss of $22.49 million.

• ESS Tech Inc shares had risen by 16.0% this quarter and lost 57.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "hold"

Wall Street's median 12-month price target for ESS Tech Inc is 10.00

This summary was machine generated from LSEG data November 15 at 09:37 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)