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

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

ERock Trading Up 6.3%

Shares of EROC stock traded up $0.66 during trading hours on Tuesday, reaching $11.17. 2,982,243 shares of the company’s stock were exchanged, compared to its average volume of 1,956,439. The business’s 50 day simple moving average is $13.32. ERock has a 1 year low of $8.88 and a 1 year high of $20.70.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EROC shares. Evercore started coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $28.00 target price for the company. Wall Street Zen upgraded shares of ERock to a “hold” rating in a research report on Saturday, June 20th. Wolfe Research assumed coverage on shares of ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price target for the company. Morgan Stanley began coverage on shares of ERock in a research note on Monday, July 6th. They set an “overweight” rating and a $21.00 price target for the company. Finally, Zacks Research raised shares of ERock to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $22.62.

About ERock

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