Will ESS Tech, Inc. (GWH) Report Negative Q2 Earnings? What You Should Know

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for ESS Tech, Inc. (GWH) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Company Summary - ESS Tech is expected to report a quarterly loss of $0.88 per share, reflecting a year-over-year change of +51.1% [3]. - Revenues are projected to be $2.4 million, which is an increase of 585.7% compared to the same quarter last year [3]. - The consensus EPS estimate has been revised 24.42% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Prediction Insights - The Most Accurate Estimate for ESS Tech aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. - The company holds a Zacks Rank of 2 (Buy), but this combination makes it challenging to predict an earnings beat conclusively [12]. - Historically, ESS Tech has beaten consensus EPS estimates in two out of the last four quarters [14]. Industry Context - In the Zacks Electronics - Miscellaneous Products industry, Plug Power (PLUG) is expected to report a loss of $0.15 per share, with a year-over-year change of +58.3% [18]. - Plug Power's revenue is anticipated to be $151.2 million, up 5.5% from the previous year [19]. - The consensus EPS estimate for Plug Power has been revised 0.9% higher, resulting in an Earnings ESP of +2.44%, indicating a likelihood of beating the consensus EPS estimate [19][20].