Will ESS Tech, Inc. (GWH) Report Negative Earnings Next Week? What You Should Know

Core Viewpoint - The market anticipates ESS Tech, Inc. (GWH) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate indicates a quarterly loss of $1.34 per share, reflecting a year-over-year change of +0.7$4.96 million, representing a 77.1% increase from the previous year [3]. - The consensus EPS estimate has been revised 11.41% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, which complicates predictions of an earnings beat [10][11]. - The stock currently holds a Zacks Rank of 4, indicating a less favorable outlook for beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, ESS Tech was expected to post a loss of $1.97 per share but delivered a loss of$1.90, resulting in a surprise of +3.55% [12]. - Over the past four quarters, the company has exceeded consensus EPS estimates three times [13]. Conclusion - While ESS Tech does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].