Energy Services Q3 revenue beats estimates
Overview
Energy Services fiscal Q3 revenue grows 21% yr/yr, beating analyst expectations
Gross profit declines to $12.0 mln due to lower operational efficiency
Net income falls to $2.1 mln, impacted by absence of prior yr legal judgment
Outlook
Company optimistic about fiscal 2026 due to strong project opportunities
Energy Services expects continued growth from water and wastewater projects
Energy Services sees strong opportunities in electrical and mechanical projects
Result Drivers
GAS & WATER DISTRIBUTION - Revenue growth driven by increased work in Gas & Water Distribution business line, per President Doug Reynolds
BACKLOG INCREASE - Backlog rose by $24 mln sequentially, aided by water and wastewater project opportunities
OPERATIONAL EFFICIENCY - Decline in gross profit attributed to lower operational efficiency and less fixed cost coverage
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $103.60 mln | $88 mln (1 Analyst) |
Q3 EPS |
| $0.12 |
|
Q3 Net Income |
| $2.10 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 54.6% above its August 8 closing price of $9.54
Press Release: ID:nPn4340lta
