Equities research analysts predict that EnSync Inc (NASDAQ:ESNC) will post earnings of ($0.07) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for EnSync’s earnings. EnSync reported earnings per share of ($0.09) in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The business is expected to announce its next earnings results on Tuesday, February 13th.
On average, analysts expect that EnSync will report full year earnings of ($0.24) per share for the current financial year, with EPS estimates ranging from ($0.26) to ($0.21). For the next financial year, analysts anticipate that the company will report earnings of ($0.22) per share. Zacks’ EPS calculations are an average based on a survey of analysts that follow EnSync.
Separately, Roth Capital started coverage on EnSync in a research report on Tuesday, September 19th. They issued a “buy” rating and a $0.85 price target for the company.
An institutional investor recently bought a new position in EnSync stock. ICM Asset Management Inc. WA bought a new position in shares of EnSync Inc (NASDAQ:ESNC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned 1.04% of EnSync as of its most recent SEC filing.
EnSync (NASDAQ:ESNC) traded down $0.01 during midday trading on Tuesday, hitting $0.40. 47,496 shares of the stock traded hands, compared to its average volume of 125,164. EnSync has a 12-month low of $0.31 and a 12-month high of $1.09.
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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