What is Seaport Res Ptn’s Forecast for EOSE FY2024 Earnings?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Eos Energy Enterprises in a report released on Tuesday, January 7th. Seaport Res Ptn analyst T. Curran expects that the company will post earnings of ($2.59) per share 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 Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.90.

Eos Energy Enterprises Price Performance

NASDAQ EOSE opened at $5.18 on Friday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $6.01. The firm has a market capitalization of $1.13 billion, a PE ratio of -2.15 and a beta of 2.09. The company’s 50 day simple moving average is $3.57 and its 200 day simple moving average is $2.76.

Institutional Trading of Eos Energy Enterprises

Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its holdings in Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after buying an additional 7,500 shares during the period. WESPAC Advisors LLC purchased a new position in shares of Eos Energy Enterprises in the third quarter worth approximately $32,000. Focused Wealth Management Inc acquired a new stake in shares of Eos Energy Enterprises during the third quarter valued at approximately $46,000. Walleye Capital LLC purchased a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at approximately $48,000. Finally, Venture Visionary Partners LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $59,000. 54.87% of the stock is currently owned by institutional investors.

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.