ESS Tech (GWH) is set to report its Q4 2024 earnings on Thursday, August 14. Analysts estimate EPS at $-0.88. The company's EPS missed by $0.29 in the last quarter, resulting in a 16.41% drop in share price. ESS Tech's shares are trading at $1.72, down 80.48% over the last 52-week period. The market awaits the announcement, with hopes for surpassing estimates and providing upbeat guidance for the next quarter.
ESS Tech (GWH) is set to report its Q4 2024 earnings on Thursday, August 14. Analysts estimate an earnings per share (EPS) of $-0.88. The company's EPS missed by $0.29 in the last quarter, leading to a 16.41% drop in share price. ESS Tech's shares are currently trading at $1.72, down 80.48% over the last 52-week period. The market awaits the announcement, with hopes for surpassing estimates and providing upbeat guidance for the next quarter.
ESS Tech's past performance has been volatile. Over the past year, the company's EPS estimates and actuals have consistently missed expectations, resulting in significant price fluctuations. For instance, in Q1 2025, the company's EPS was estimated at -$1.21 but actually reported -$1.50, leading to a 16.0% price drop. Similar trends were observed in subsequent quarters, with price changes ranging from -13.0% to -18.0% [1].
The stock's recent performance has been characterized by a downward trend. Shares of ESS Tech have fallen by 80.48% over the last 52 weeks, with the stock price ending at $1.72 on Tuesday, August 12, after a 4.97% loss [2]. Despite the recent decline, analysts remain cautious, with the stock holding a sell signal from the short-term Moving Average but a buy signal from the long-term average, indicating a general positive forecast [2].
Investors are advised to closely monitor the earnings report and subsequent guidance, as this can significantly influence stock prices. The market is expecting ESS Tech to provide upbeat guidance for the next quarter, which could potentially boost investor confidence and stock prices. However, the company's recent history of missing estimates and significant price drops suggests that investors should approach this earnings announcement with caution.
References:
[1] https://www.benzinga.com/insights/earnings/25/08/47099498/exploring-ess-techs-earnings-expectations
[2] https://stockinvest.us/stock/GWH
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