Energy Services of America (NASDAQ:ESOA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$71.1m (up 33% from 2Q 2023).

• Net loss: US$1.11m (loss narrowed by 41% from 2Q 2023).

• US$0.067 loss per share (improved from US$0.11 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Energy Services of America Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Energy Services of America you should be aware of, and 1 of them is concerning.

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