Energy Services of America Q3 revenue rises 25.5% on strong segment demand
ESOA•Analyst views
The current average analyst rating on the shares is strong buy, with a breakdown of 2 strong buy or buy ratings, no hold ratings, and no sell or strong sell ratings.
The average consensus recommendation for the construction and engineering peer group is buy. Wall Street's median 12-month price target for Energy Services of America Corp is $27.50, about 75.7% above its August 7 closing price of $15.65.
The stock recently traded at 20 times the next 12-month earnings, versus a P/E of 23 three months ago.
Quarterly results
- Revenue: $130 million, up 25.5% year over year and above the $112.65 million consensus estimate from two analysts.
- EPS: $0.18.
- Net income: $3.30 million, up 57.9% year over year.
- Adjusted EBITDA: $8.30 million.
Dividend and outlook
The company raised its quarterly dividend by 33% to $0.04 per share.
