EOSE Earnings Prediction
The chart below shows how EOSE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EOSE sees a -7.46% change in stock price 10 days leading up to the earnings, and a -8.91% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
EOSE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
854.00K
24.85%
-4.90%
Gross Margin
-2916.86%
-3.05%
98.09%
Operating Margin
-5870.49%
8.87%
83.26%
Net Margin
-40148.24%
-1939.10%
1179.75%
EPS
-1.77
-1870.00%
608.00%
No Data Available
EOSE Earnings Analysis
Eos Energy Enterprises, Inc. Class A Common Stock Corporation (EOSE.O) Earnings Conference Call
Positive
Major Energy Storage Contract: 1. Significant Order Win: EOS Energy secured a $73 million order with City Utilities of Springfield, Missouri, marking their largest order for an energy storage system to date.
Commercial Pipeline Expansion: 2. Strong Commercial Pipeline Growth: The commercial pipeline increased to $14.2 billion, up $400 million from the previous quarter, representing a 13% sequential growth in gigawatt hours of storage.
Backlog Growth Indicator: 3. Increased Backlog: The backlog as of quarter-end reached $589 million, reflecting a 9% increase from the same time last year, indicating strong demand for EOS's products.
Funding Milestones Achieved: 4. Successful Funding Milestones: EOS achieved all four initial performance milestones with Cerberus, allowing them to draw an additional $30 million on their delayed draw term loan, enhancing their capital position.
Cost Reduction Success: 5. Cost Reduction Achievements: Direct material costs have decreased by 42% since launch, with 80% of the direct material target achieved, positioning EOS for profitable growth.
Negative
Revenue Shortfall Analysis: 1. Disappointing Revenue Performance: Q3 revenue was only $0.9 million, unchanged from the previous quarter and significantly lower than expectations due to delays in enclosure supply chain, impacting overall production.
Operating Loss Increase: 2. Increased Operating Loss: The operating loss for the quarter was $53.3 million, a 41% increase compared to the prior year's loss of $37.8 million, indicating worsening financial performance.
Net Loss Comparison: 3. Significant Net Loss: The net loss to shareholders was $342.9 million, a stark contrast to a net income of $14.9 million in the prior year, primarily due to changes in fair value of derivatives.
Increasing Cost of Goods: 4. Rising Cost of Goods Sold: Cost of goods sold rose to $25.8 million from $21.3 million in the previous year, driven by commissioning costs of large projects and increased inventory reserves.
Revenue Guidance Reduction: 5. Reduced Revenue Guidance: The company lowered its full-year revenue guidance to approximately $15 million, attributing this to ongoing supply chain disruptions rather than order cancellations.
EOSE FAQs
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EOSE Earning Call Sentiment
Eos Energy Enterprises, Inc. (EOSE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EOSE.O
-4.23%Positive
The earnings call reveals several concerns: regulatory and operational risks, competitive pressures, and significant financial losses. Despite a strategic investment from Cerberus and a growing backlog, the unchanged revenue, increased COGS, and substantial net losses are worrying. The Q&A highlights supply chain issues and delayed enclosures impacting revenue. Positive customer feedback is limited, and management's lack of clarity on key issues adds uncertainty. Overall, the financial performance and risks outweigh positive aspects like backlog growth and strategic investments, suggesting a negative stock price reaction in the near term.