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 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $1.41 |
| Fair Value | CAD $1.9 |
| Risk | 3 |
| 52 Week Range | CAD $0.44-1.55 |
| Shares O/S (M) | 60 |
| Market Cap. (M) | CAD $84 |
| Current Yield (%) | N/A |
| P/E (forward) | 9.3 |
| P/B | 1.6 |
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Report Highlights
- 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
