FY2024 Earnings Estimate for EOSE Issued By Seaport Res Ptn

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Equities research analysts at Seaport Res Ptn issued their FY2024 earnings estimates for Eos Energy Enterprises in a research note issued on Tuesday, January 7th. Seaport Res Ptn analyst T. Curran forecasts that the company will post earnings per share of ($2.59) for the year. The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($2.52) per share. Seaport Res Ptn also issued estimates for Eos Energy Enterprises’ Q4 2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.44) EPS.

Separately, Roth Mkm decreased their price target on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Eos Energy Enterprises presently has an average rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $4.96 on Friday. The company has a market capitalization of $1.08 billion, a PE ratio of -2.06 and a beta of 2.09. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $6.01. The company’s 50 day moving average price is $3.60 and its two-hundred day moving average price is $2.80.

Hedge Funds Weigh In On Eos Energy Enterprises

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management boosted its holdings in shares of Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after purchasing an additional 7,500 shares during the period. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises during the 3rd quarter valued at approximately $32,000. Focused Wealth Management Inc bought a new position in Eos Energy Enterprises during the 3rd quarter valued at approximately $46,000. Walleye Capital LLC bought a new position in Eos Energy Enterprises during the 3rd quarter valued at approximately $48,000. Finally, Venture Visionary Partners LLC bought a new position in Eos Energy Enterprises during the 3rd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 54.87% 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.