Enservco Corp. (ENSV) Misses Q3 EPS by 1c

Enservco Corp. (NYSE: ENSV) reported Q3 EPS of ($0.05), $0.01 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $5.7 million versus the consensus estimate of $5.19 million.

• Total Q3 revenue increased 4% YOY to $5.7 million from $5.5 million
• Q3 well enhancement service revenue up 32% YOY to $4.0 million from $3.1 million
• Total 9-month revenue increased 48% YOY to $26.6 million from $17.9 million
• 9-month well enhancement service revenue increased 70% to $21.8 million from $12.9 million
• Company and lender working on a covenant waiver due to shortfall on fixed charge coverage ratio during traditionally slowest quarter

For earnings history and earnings-related data on Enservco Corp. (ENSV) click here.

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