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Enservco Corp (ENSV)
OTHER OTC:ENSV
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 11.11%
|Next Earnings Date:Mar 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strategic acquisitions, improved financial footing, and positive future projections. However, there were some concerns regarding the current net loss and challenges in Production Services.Company Guidance
During the Enservco Q2 2024 earnings call, management highlighted several key metrics and strategic initiatives. They reported a 39% improvement in adjusted EBITDA loss compared to the previous year, reducing it to $700,000 from $1.1 million. The company achieved a second-quarter revenue of $3.8 million, slightly up from the previous year, with a net loss of $2.3 million or $0.08 per diluted share, an improvement from the $2.6 million or $0.12 loss per share in 2023. Enservco has been focused on repositioning its business to reduce reliance on seasonal services, exemplified by their exit from the North Dakota frac water heating market and their acquisition of Buckshot Trucking, which is expected to generate $9.5 million in annual revenue and over $2 million in EBITDA. They also emphasized efforts to enhance margins, improve market share, and regain compliance with NYSE American listing standards through various strategic transactions, including a partnership with Star Equity Holdings.Improved Year-over-Year Performance
The second quarter results reflect a 39% improvement in adjusted EBITDA loss and a better operational and financial footing entering 2024.
Strategic Acquisitions and Transactions
Completed the acquisition of Buckshot Trucking, expected to be immediately accretive and generating strong year-round cash flow. Strategic agreement with Star Equity Holdings to enhance leadership and operational excellence.
Debt Reduction and Financial Improvement
Significant progress in reducing debt levels and enhancing the financial position. Net proceeds from asset sales used to pay down debt obligations.
Positive Outlook for 2024
Expecting materially improved financial results in the latter half of 2024 and into 2025, with strategic transactions poised to drive more predictable cash flow.
Growth in Hot Oiling Business
Hot oiling business continues to generate steady cash flow without pricing concessions, with plans for potential market expansion.
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ENSV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ENSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.06 | $0.06 | 0.00% |
| Aug 14, 2024 | $0.18 | $0.17 | -5.56% |
| May 15, 2024 | $0.21 | $0.26 | +23.81% |
| Apr 01, 2024 | $0.19 | $0.20 | +5.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enservco Corp (ENSV) report earnings?
Enservco Corp (ENSV) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is Enservco Corp (ENSV) earnings time?
Enservco Corp (ENSV) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENSV EPS forecast?
Currently, no data Available
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