Eos Energy Enterprises Inc reports results for the quarter ended March 31 - Earnings Summary

• Eos Energy Enterprises Inc EOSE.OQ reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of eight analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -27 cents to -14 cents per share.

• Revenue rose 58.4% to $10.46 million from a year ago; analysts expected $10.40 million.

• Eos Energy Enterprises Inc's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $95.13 million.

• Eos Energy Enterprises Inc shares had risen by 33.9% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Eos Energy Enterprises Inc is $5.50

This summary was machine generated from LSEG data May 6 at 10:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)