Should you consider NASDAQ:ESOA for growth investing?

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if ENERGY SERVICES OF AMERICA (NASDAQ:ESOA) is suited for growth investing. Investors should of course do their own research, but we spotted ENERGY SERVICES OF AMERICA showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• The quarterly earnings of ENERGY SERVICES OF AMERICA have shown a 1.0K% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• ENERGY SERVICES OF AMERICA has achieved 50.17% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The 3-year EPS growth of ENERGY SERVICES OF AMERICA (54.66%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• With a favorable Return on Equity (ROE) of 26.13%, ENERGY SERVICES OF AMERICA demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• The Relative Strength (RS) of ENERGY SERVICES OF AMERICA has consistently been strong, with a current 98.86 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. ENERGY SERVICES OF AMERICA demonstrates promising potential for sustained price momentum.
• ENERGY SERVICES OF AMERICA exhibits a favorable Debt-to-Equity ratio at 0.9. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• ENERGY SERVICES OF AMERICA demonstrates a balanced ownership structure, with institutional shareholders at 20.95%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Analyzing the Technical Aspects

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to ESOA. Both in the recent history as in the last year, ESOA has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, ESOA did better than 98% of all other stocks. On top of that, ESOA also shows a nice and consistent pattern of rising prices.
• ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 98% of 66 stocks in the same industry.
• ESOA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESOA is lagging the market slightly.
• In the last month ESOA has a been trading in the 5.52 - 8.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
• Volume is considerably higher in the last couple of days.

Our latest full technical report of ESOA contains the most current technical analsysis.

What else is there to say on the fundamentals of NASDAQ:ESOA?

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

We assign a fundamental rating of 5 out of 10 to ESOA. ESOA was compared to 66 industry peers in the Energy Equipment & Services industry. ESOA has only an average score on both its financial health and profitability. ESOA is valied quite expensively at the moment, while it does show a decent growth rate.

Our latest full fundamental report of ESOA contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.