Energy Services Q1 revenue rises

Reuters
Feb 10
Energy Services Q1 revenue rises

Overview

  • Contractor's fiscal Q1 revenue rose 13.4% yr/yr, driven by Gas & Water Distribution

  • Net income for fiscal Q1 increased significantly yr/yr

  • Adjusted EBITDA for fiscal Q1 improved yr/yr

Outlook

  • Energy Services sees favorable tailwinds across Gas & Water Distribution and Gas & Petroleum Transmission

  • Company remains optimistic about long-term business prospects despite seasonally slower winter months

Result Drivers

  • GAS & WATER DISTRIBUTION - Revenue increased 30% yr/yr due to ongoing replacement and upgrade cycles by municipalities and private utilities

  • BACKLOG INCREASE - Backlog rose by $42 mln sequentially, indicating strong future demand

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$114.10 mln

$97.70 mln (1 Analyst)

Q1 EPS

$0.16

Q1 Net Income

$2.7 mln

Q1 Adjusted EBITDA

$8.3 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for Energy Services Of America Corp is $21.00, about 122.9% above its February 6 closing price of $9.42

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn910593a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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