ESS Tech, Inc. (GWH) Reports Q1 Loss, Lags Revenue Estimates

Company Performance - ESS Tech, Inc. reported a quarterly loss of $1.50 per share, which was better than the Zacks Consensus Estimate of a loss of$1.66, representing an earnings surprise of 9.64% [1] - The company posted revenues of $0.6 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 75.04$2.74 million [2] - Over the last four quarters, ESS Tech has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Movement and Outlook - ESS Tech shares have declined approximately 53.4% since the beginning of the year, while the S&P 500 has gained 0.2% [3] - The company's earnings outlook is crucial for understanding future stock movements, with current consensus EPS estimates at -$1.01 on$1.5 million in revenues for the coming quarter and -$4.53 on$8.5 million in revenues for the current fiscal year [4][7] Industry Context - The Electronics - Miscellaneous Products industry, to which ESS Tech belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]