ESS Tech Q3 2023 EPS $(0.11) Beats $(0.13) Estimate, Sales $1.54M Miss $3.05M Estimate
Portfolio Pulse from vinayak@benzinga.com
ESS Tech (NYSE:GWH) reported Q3 2023 earnings per share (EPS) of $(0.11), beating the analyst consensus estimate of $(0.13) by 15.38%. However, the company's quarterly sales of $1.54 million missed the analyst consensus estimate of $3.05 million by 49.34%. Despite the sales miss, this represents a 704.69% increase over sales from the same period last year.
November 07, 2023 | 9:44 pm
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ESS Tech's Q3 2023 earnings beat estimates but sales missed. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
ESS Tech's earnings beat estimates, which is a positive signal for investors. However, the sales miss could raise concerns about the company's revenue generation capabilities. This mixed result could lead to uncertainty among investors, potentially causing volatility in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100