Analysts Estimate ESS Tech, Inc. (GWH) to Report a Decline in Earnings: What to Look Out for

Company Overview - ESS Tech, Inc. (GWH) is expected to report a year-over-year decline in earnings, with a projected loss of $1.66 per share, reflecting a -10.7$2.4 million, down 12.4% from the previous year [3][12]. Earnings Expectations - The consensus EPS estimate has been revised 28.11% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for ESS Tech matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - ESS Tech currently holds a Zacks Rank of 2, making it challenging to predict a definitive earnings beat [11]. Historical Performance - Over the last four quarters, ESS Tech has beaten consensus EPS estimates two times, but in the last reported quarter, it missed expectations by delivering a loss of $1.97 per share against an expected loss of$1.51, resulting in a surprise of -30.46% [12][13]. Industry Comparison - In the same industry, Hayward Holdings, Inc. (HAYW) is expected to post earnings of $0.09 per share, indicating a year-over-year change of +12.5$213 million, up 0.2% from the previous year [17].