ESS Tech Earnings Preview
Portfolio Pulse from Benzinga Insights
ESS Tech (NYSE:GWH) is scheduled to release its quarterly earnings report on March 13, 2024, with an expected EPS of $-0.11. Analysts and investors will be closely watching for not only an earnings beat but also positive future guidance. Historical data shows mixed reactions to past earnings, with share prices fluctuating post-announcement. Currently, shares are trading at $0.8508, marking a 21.49% decline over the last year, indicating a bearish sentiment among long-term shareholders.
March 12, 2024 | 4:00 pm
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NEUTRAL IMPACT
ESS Tech is expected to report an EPS of $-0.11 for the upcoming quarter. Historical performance shows mixed reactions to earnings announcements, with a notable 21.49% decline in share price over the past year.
Given the expected EPS and historical performance, the short-term impact on GWH's stock price could be neutral. While an earnings beat could provide a positive short-term boost, the overall bearish sentiment and past mixed reactions suggest a cautious outlook. The importance is high due to the potential for future guidance to influence investor sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100