ERock (NYSE:EROC) Announces Quarterly Earnings Results, Beats Estimates By $0.25 EPS

ERock (NYSE:EROCGet Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.25, Zacks reports. The firm had revenue of $39.88 million for the quarter, compared to analysts’ expectations of $26.45 million.

ERock Trading Up 15.6%

ERock stock opened at $13.00 on Wednesday. ERock has a 52 week low of $8.88 and a 52 week high of $20.70. The business’s 50-day moving average is $13.27.

Wall Street Analyst Weigh In

EROC has been the topic of a number of recent research reports. Evercore started coverage on ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $28.00 price target on the stock. Morgan Stanley assumed coverage on ERock in a report on Monday, July 6th. They issued an “overweight” rating and a $21.00 price objective for the company. Bank of America raised shares of ERock from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday, July 17th. Wolfe Research began coverage on shares of ERock in a report on Monday, July 6th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $24.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ERock currently has a consensus rating of “Buy” and an average target price of $22.62.

Read Our Latest Stock Analysis on EROC

About ERock

(Get Free Report)

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.

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