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

ERock (NYSE:EROC) released its quarterly earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25, Zacks reports.

ERock Trading Up 6.3%

ERock stock traded up $0.66 during midday trading on Tuesday, reaching $11.17. The stock had a trading volume of 2,982,243 shares, compared to its average volume of 1,956,439. The firm has a 50-day moving average price of $13.32. ERock has a twelve month low of $8.88 and a twelve month high of $20.70.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EROC shares. Wolfe Research began coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price target for the company. Zacks Research raised shares of ERock to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of ERock to a “hold” rating in a research note on Saturday, June 20th. Barclays began coverage on ERock in a research note on Monday, July 6th. They issued an “overweight” rating and a $23.00 target price on the stock. Finally, Bank of America upgraded ERock from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $22.62.

About ERock

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