Eos Energy Enterprises Q2 2024 GAAP EPS $(0.25) Misses $(0.17) Estimate, Sales $898.000K Miss $3.795M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eos Energy Enterprises (NASDAQ:EOSE) reported Q2 2024 GAAP EPS of $(0.25), missing the $(0.17) estimate by 47.06%. Sales were $898K, missing the $3.795M estimate by 76.34%, but up 260.64% from $249K last year.
August 06, 2024 | 9:28 pm
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NEGATIVE IMPACT
Eos Energy Enterprises reported a significant miss on both EPS and sales estimates for Q2 2024. The EPS was $(0.25) compared to the $(0.17) estimate, and sales were $898K compared to the $3.795M estimate. Despite a 260.64% YoY increase in sales, the substantial miss on estimates is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales estimates indicates weaker-than-expected financial performance, which is likely to lead to a negative short-term reaction in the stock price. The YoY increase in sales is a positive sign but is overshadowed by the large miss on expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100