EnSync Inc (ESNC) Expected to Post Earnings of -$0.07 Per Share
Equities analysts predict that EnSync Inc (NASDAQ:ESNC) will announce earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for EnSync’s earnings. EnSync reported earnings of ($0.10) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 30%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 9th.
According to Zacks, analysts expect that EnSync will report full year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.21). For the next year, analysts expect that the firm will report earnings of ($0.22) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover EnSync.
ESNC has been the topic of a number of research analyst reports. Roth Capital initiated coverage on shares of EnSync in a research report on Tuesday, September 19th. They set a “buy” rating and a $0.85 price objective on the stock. Zacks Investment Research raised shares of EnSync from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
A hedge fund recently bought a new stake in EnSync stock. ICM Asset Management Inc. WA acquired a new stake in shares of EnSync Inc (NASDAQ:ESNC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned 1.04% of EnSync at the end of the most recent quarter.
EnSync (ESNC) opened at 0.55 on Friday. The company’s market capitalization is $30.36 million. EnSync has a 52 week low of $0.31 and a 52 week high of $1.42. The company’s 50-day moving average is $0.45 and its 200 day moving average is $0.50.
EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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