Magnificent 7 Energy Stocks With Explosive Profit Potentialhttps://www.entrepreneur.com/finance/the-magnificent-7-energy-stocks-with-explosive-profit/469345
Headquartered in Acheson, Canada, NOA offers equipment maintenance, and mining and heavy construction services. The company provides constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, reclamation services, and more. It serves resource development and industrial construction sectors. NOA's revenue increased 1.8% year-over-year to C$194.74 million ($144.21 million) for the third quarter that ended on September 30, 2023. Its gross profit grew 7.1% from the year-ago value to C$26.31 million ($19.48 million). Cash inflows from operating activities were C$37.51 million ($27.78 million), an increase of 19.3% from the previous year's quarter.
Also, the company's free cash flow came in at C$10.04 million ($7.43 million) for the quarter, up 196.2% from the prior year's period.
Analysts expect NOA's revenue for the fiscal year (ended December 2023) to increase 21.3% year-over-year to $697.22 million. The consensus EPS estimate of $2.09 for the same period indicates a 16.2% improvement year-over-year. Moreover, the company has surpassed the consensus revenue estimates in three of the trailing four quarters.
Further, the company's revenue and EPS for the fiscal year 2024 are estimated to grow 43.6% and 60.7% year-over-year to $1 billion and $3.36, respectively.
NOA's shares have gained 6.4% over the past month and 50.6% over the past year to close the last trading session at $22.07.
NOA's bright outlook is reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Momentum and Sentiment. Among the 51 stocks in the Energy - Services industry, NOA is ranked #4