Is NASDAQ:ESOA suited for growth investing?

In this article we will dive into ENERGY SERVICES OF AMERICA (NASDAQ:ESOA) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ENERGY SERVICES OF AMERICA showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of ENERGY SERVICES OF AMERICA

• ENERGY SERVICES OF AMERICA has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 1.0K% increase. This indicates improving financial performance and the company's effective management of its operations.
• The q2q revenue growth of 50.17% of ENERGY SERVICES OF AMERICA highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• 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.
• In terms of Return on Equity(ROE), ENERGY SERVICES OF AMERICA is performing well, achieving a 26.13% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• ENERGY SERVICES OF AMERICA has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.35 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. ENERGY SERVICES OF AMERICA is well-positioned for potential price growth opportunities.
• 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 22.9%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

What is the technical picture of NASDAQ:ESOA telling us.

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Overall ESOA gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• Looking at the yearly performance, ESOA did better than 98% of all other stocks. We also observe that the gains produced by ESOA over the past year are nicely spread over this period.
• ESOA is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 100% of 65 stocks in the same industry.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
• ESOA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ESOA is lagging the market slightly.

For an up to date full technical analysis you can check the technical report of ESOA

Fundamental Analysis Observations

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to ESOA. ESOA was compared to 65 industry peers in the Energy Equipment & Services industry. ESOA has only an average score on both its financial health and profitability. ESOA is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, ESOA could be worth investigating further for growth investing!.

For an up to date full fundamental analysis you can check the fundamental report of ESOA

More growth stocks can be found in our CANSLIM screen.

Disclaimer

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.