Update: ESCO Q2 Earnings - Revenue Misses But Earnings Beat, Sales And EPS Up Y/Y
Martin Vlcek • Mon, Aug. 11
- Revenues increased 12% Y/Y, primarily due to an acquisition. EPS improved significantly from $0.24 to $0.43.
- The long thesis has been working well, with waiting for the dip paying off as the stock price otherwise just remained flat Y/Y.
- I reiterate my long thesis but investors should again wait for a ~10% pullback to improve reward-risk. My target price is then $37, offering a ~9% upside.