Enterprise Group, Inc.
Shatters Records in Q3 / Anticipating a Strong Finish to the Year
Published: 11/15/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Energy | Industry: Oil & Gas Equipment & Services
Ticker Symbols:E.TO - TSX 🔹ETOLF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.68 |
| Fair Value | US $1.26 |
| Risk | 3 |
| 52 Week Range | US $0.36-0.75 |
| Shares O/S (M) | 50 |
| Market Cap. (M) | US $34 |
| Current Yield (%) | n/a |
| P/E (forward) | 6.1 |
| P/B | 0.9 |
Already a subscriber?
Want to know the fair value of the stock?
Subscribe for free to get exclusive insights and data.
Report Highlights
Highlights
In Q3-2023, Enterprise posted record revenue, and EPS. Revenue was up 61% YoY, beating our estimate by 12%. For comparison, H1-2023 revenue was up 20% YoY.
Gross margins improved YoY by 16 ppt, and was 3 ppt higher than our estimate.
Q3 EPS turned positive, beating our estimate by 60%, amid higher revenue and gross margins.
Revenue growth came from multiple new contracts from tier-one clients. According to the Alber
