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Eos Energy Enterprises (EOSE)
NASDAQ:EOSE
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.2Last Year’s EPS
-$0.25Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 43.71%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant commercial and operational achievements, including a major order and financial milestones with Cerberus. However, these positives were offset by substantial supply chain challenges that led to a reduction in revenue guidance and increased operating losses. The company's efforts to address these issues and its strategic moves are promising, but the immediate financial and operational hurdles present a balanced outlook.Company Guidance
During the Eos Energy Enterprises Q3 2024 earnings call, the company provided several significant updates regarding its financial and operational guidance. Notably, they announced securing a substantial $73 million order from City Utilities of Springfield, Missouri, marking their largest municipal market order. Eos also reported a $65 million funding milestone achieved with Cerberus, although this was not reflected in their current cash balance. Additionally, they submitted paperwork for a U.S. government loan approval, targeting closure by year-end. Eos highlighted technological achievements, such as reaching 4.4 gigawatt hours in field discharge and maintaining high production yields with over 97% first-pass success. However, they faced challenges with their supply chain, impacting third-quarter revenue and resulting in a revised full-year revenue expectation of approximately $15 million. Despite these setbacks, Eos remains optimistic about scaling operations and achieving positive contribution margins before the year's end.Large Order with City Utilities of Springfield
EOSE secured a $73 million order for an energy storage system from City Utilities of Springfield, Missouri, marking the largest order the municipal utility has ever placed.
Financial Milestones with Cerberus
Achieved milestones allowing an additional $65 million draw from Cerberus, with a total of $170 million funded out of a $210 million term loan.
Commercial Pipeline Growth
Commercial pipeline increased to $14.2 billion, representing 59 GWh of storage, with a 13% sequential increase.
Cost Reduction Achievements
Achieved 42% reduction in direct material costs and 77% improvement in direct labor since the launch of the Z3 battery.
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EOSE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EOSE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $3.18 | $2.55 | -19.81% |
| Aug 06, 2024 | $1.78 | $1.44 | -19.10% |
| May 14, 2024 | $0.82 | $0.72 | -12.20% |
| Mar 04, 2024 | $1.01 | $1.08 | +6.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eos Energy Enterprises (EOSE) report earnings?
Eos Energy Enterprises (EOSE) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Eos Energy Enterprises (EOSE) earnings time?
Eos Energy Enterprises (EOSE) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EOSE EPS forecast?
EOSE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.2.
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