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Energy Services of America Second Quarter 2024 Earnings: Misses Expectations

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).

earnings-and-revenue-growth
earnings-and-revenue-growth

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.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.