Why NASDAQ:ESOA qualifies as a CANSLIM stock.

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.

Why NASDAQ:ESOA may be interesting for canslim investors.

• The EPS of ENERGY SERVICES OF AMERICA has exhibited growth from one quarter to another (Q2Q), with a 36.36% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 32.52%, ENERGY SERVICES OF AMERICA exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• 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.
• ENERGY SERVICES OF AMERICA showcases a robust Return on Equity (ROE) of 29.15%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of ENERGY SERVICES OF AMERICA has consistently been strong, with a current 97.87 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 1.12. 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.
• With institutional shareholders at 27.39%, ENERGY SERVICES OF AMERICA demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical analysis of NASDAQ:ESOA

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 8 out of 10 to ESOA. 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.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that ESOA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ESOA also shows a nice and consistent pattern of rising prices.
• ESOA is part of the Energy Equipment & Services industry. There are 65 other stocks in this industry. ESOA outperforms 98% of them.
• ESOA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESOA is lagging the market.
• In the last month ESOA has a been trading in the 6.81 - 8.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of ESOA for a complete technical analysis.

Zooming in on the fundamentals.

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Overall ESOA gets a fundamental rating of 5 out of 10. We evaluated ESOA against 65 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of ESOA get a neutral evaluation. Nothing too spectacular is happening here. ESOA is not priced too expensively while it is growing strongly. Keep and eye on this one!

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

Our CANSLIM screen will find you more ideas suited for growth investing.

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.