What’s next for ENTERPRISE GROUP after a tough Q3? What’s next for ENTERPRISE GROUP after a tough Q3?
Enterprise Group Inc. (TSX: E) faced a challenging Q3, with revenue down 19% YoY and EPS turning negative. The market reacted sharply, with shares dropping 19% on announcement day. However, historical trends suggest Q4 could bring a rebound as client operations ramp up following earlier delays.
A standout development is the five-year exclusivity agreement with FlexEnergy Solutions, enhancing Enterprise’s offerings in temporary power solutions for Western Canada. While growth in North American oil and gas CAPEX is slowing, Trump’s potential re-election could drive positive sentiment across the sector.