ESS Tech Q4 2023 GAAP EPS $(0.09) Beats $(0.11) Estimate, Sales $2.796M Miss $3.540M Estimate
Portfolio Pulse from Benzinga Newsdesk
ESS Tech (NYSE:GWH) reported Q4 2023 earnings with a GAAP EPS of $(0.09), surpassing the $(0.11) estimate. However, their sales of $2.796M fell short of the $3.540M estimate, marking a significant increase from $16.000 thousand in the same period last year.
March 13, 2024 | 8:09 pm
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ESS Tech's Q4 2023 earnings exceeded EPS estimates but missed on sales, with a significant year-over-year sales increase.
While ESS Tech's EPS beat may positively impact investor sentiment, the miss on sales forecasts could temper enthusiasm. The substantial year-over-year sales growth indicates significant business expansion, which could be seen positively. However, the mixed results present a neutral short-term outlook.
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IMPORTANCE 80
RELEVANCE 100