Zacks: Brokerages Expect EnSync Inc (ESNC) to Post -$0.07 Earnings Per Share
Equities analysts forecast that EnSync Inc (NASDAQ:ESNC) will post earnings of ($0.07) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for EnSync’s earnings. EnSync reported earnings per share of ($0.10) during the same quarter last year, which would suggest a positive year-over-year growth rate of 30%. The business is scheduled to announce its next earnings report on Thursday, November 9th.
On average, 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 company will report earnings of ($0.22) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow EnSync.
Several equities research analysts have commented on ESNC shares. Roth Capital started coverage on shares of EnSync in a research report on Tuesday, September 19th. They set a “buy” rating and a $0.85 price target 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 purchased a new position in shares of EnSync Inc (NASDAQ:ESNC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned approximately 1.04% of EnSync at the end of the most recent reporting period.
EnSync (ESNC) traded down 4.848% during trading on Tuesday, reaching $0.471. The company’s stock had a trading volume of 54,085 shares. The company’s 50 day moving average price is $0.49 and its 200 day moving average price is $0.49. EnSync has a 52 week low of $0.31 and a 52 week high of $1.09. The company’s market cap is $26.19 million.
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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