Enterprise Group, Inc.
Strong EPS Growth Fueled by Fleet Expansion: Outperforming Industry
Published: 8/13/2024
Author: FRC Analysts

Sector: Energy | Industry: Oil & Gas Equipment & Services
Ticker Symbols:
E.TO - TSX 🔹
ETOLF - NASDAQ 🔹
- E is up 216% YoY, making it the best performing stock on our list of oilfield services companies.
- In Q2-2024, revenue was up 41% YoY, beating our estimate by 9%. Revenue growth came from new contracts with tier-one clients.
- EPS turned positive, beating our estimate by 25%, driven by higher than expected revenue and gross margins.
- In H1-2024, CAPEX increased 56% YoY to $10M, driven by heightened client d