Energy Services of America Corp (NASDAQ: ESOA) has reported E.P.S. of $0.34 for its fourth fiscal quarter (ending September 30) versus $0.09 for the same period a year ago — an increase of 278%. E.P.S. were $0.44 for the latest four quarters through September 30 versus $0.23 for the same period a year ago — an increase of 91%.
Recent Price Action
Energy Services of America Corp (NASDAQ: ESOA) stock enjoyed a major increase of 48.9% on 12/18/23. The shares closed at $5.21. Moreover, trading volume in this advance was exceptionally high at 615% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 35.3% during the last week.
Current PriceTarget Research Rating
ESOA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Energy Services of America has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Energy Services of America has a slightly negative Appreciation Score of 39 but a very high Power Rating of 99, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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