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

ERock (NYSE:EROC) issued its quarterly earnings results on Tuesday. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.25, Zacks reports. The company had revenue of $39.88 million for the quarter, compared to analyst estimates of $26.45 million.

ERock Trading Up 10.9%

Shares of ERock stock traded up $1.51 on Thursday, reaching $15.33. 3,796,460 shares of the company were exchanged, compared to its average volume of 2,091,354. ERock has a 1-year low of $8.88 and a 1-year high of $20.70. The stock has a 50-day moving average price of $13.28.

Analysts Set New Price Targets

EROC has been the topic of several recent research reports. BNP Paribas Exane set a $22.00 price target on ERock and gave the stock an “outperform” rating in a research report on Monday, July 6th. Barclays started coverage on shares of ERock in a research note on Monday, July 6th. They issued an “overweight” rating and a $23.00 target price for the company. Evercore started coverage on shares of ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $28.00 price objective for the company. Wolfe Research began coverage on ERock in a research note on Monday, July 6th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on ERock in a research note on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ERock presently has a consensus rating of “Buy” and an average price target of $22.62.

ERock Company Profile

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