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ENGlobal Third Quarter 2022 Earnings: US$0.065 loss per share (vs US$0.068 profit in 3Q 2021)

ENGlobal (NASDAQ:ENG) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$13.1m (up 121% from 3Q 2021).

  • Net loss: US$2.34m (down by 197% from US$2.40m profit in 3Q 2021).

  • US$0.065 loss per share (down from US$0.068 profit in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

ENGlobal Earnings Insights

Looking ahead, revenue is forecast to grow 86% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for ENGlobal you should be aware of, and 1 of them makes us a bit uncomfortable.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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