ENGlobal Historical Income Statement
| ENG Stock | USD 1.70 0.01 0.59% |
Historical analysis of ENGlobal income statement accounts such as Selling General Administrative of 18 M or Total Revenue of 37.1 M can show how well ENGlobal performed in making a profits. Evaluating ENGlobal income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ENGlobal's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ENGlobal latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ENGlobal is a good buy for the upcoming year.
ENGlobal |
About ENGlobal Income Statement Analysis
ENGlobal Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ENGlobal shareholders. The income statement also shows ENGlobal investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ENGlobal Income Statement Chart
ENGlobal Income Statement is one of the three primary financial statements used for reporting ENGlobal's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ENGlobal revenue and expense. ENGlobal Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ENGlobal's Reconciled Depreciation is most likely to decrease significantly in the upcoming years. Add Fundamental
Total Revenue
Total revenue comprises all receipts ENGlobal generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ENGlobal. It is also known as ENGlobal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on ENGlobal income statement and represents the costs associated with goods and services ENGlobal provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from ENGlobal's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ENGlobal current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.At this time, ENGlobal's Reconciled Depreciation is most likely to decrease significantly in the upcoming years.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.8M | 14.1M | 11.8M | 17.9M | Cost Of Revenue | 37.1M | 44.4M | 40.3M | 38.3M |
ENGlobal income statement Correlations
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ENGlobal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ENGlobal income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 438K | 449K | 8.6M | 1.0M | 933K | 886.4K | |
| Interest Expense | 31K | 153K | 212K | 223K | 219K | 208.1K | |
| Selling General Administrative | 9.3M | 8.8M | 12.8M | 14.1M | 16.3M | 18.0M | |
| Total Revenue | 56.4M | 64.4M | 36.4M | 40.2M | 39.0M | 37.1M | |
| Gross Profit | 7.9M | 8.5M | (643K) | (4.2M) | (1.3M) | (1.2M) | |
| Other Operating Expenses | 57.8M | 64.8M | 49.9M | 58.5M | 52.1M | 49.5M | |
| Operating Income | (1.4M) | (369K) | (13.5M) | (18.3M) | (13.1M) | (12.4M) | |
| Ebit | (1.4M) | (369K) | (13.5M) | (18.3M) | (13.1M) | (12.4M) | |
| Ebitda | (963K) | 80K | (4.9M) | (17.3M) | (12.2M) | (11.6M) | |
| Cost Of Revenue | 48.5M | 56.0M | 37.1M | 44.4M | 40.3M | 38.3M | |
| Total Operating Expenses | 9.3M | 8.8M | 12.8M | 14.1M | 11.8M | 17.9M | |
| Income Before Tax | (1.4M) | (522K) | (5.6M) | (18.5M) | (15.0M) | (14.3M) | |
| Net Income | (1.5M) | (625K) | (5.7M) | (18.5M) | (15.2M) | (14.4M) | |
| Income Tax Expense | 83K | 103K | 60K | 39K | 104K | 98.8K | |
| Total Other Income Expense Net | 18K | (153K) | 7.9M | (148K) | (2.0M) | (1.9M) | |
| Net Income Applicable To Common Shares | (5.7M) | (1.5M) | (625K) | (5.7M) | (5.1M) | (4.9M) | |
| Net Income From Continuing Ops | (1.5M) | (625K) | (5.7M) | (18.5M) | (22.4M) | (21.3M) | |
| Non Operating Income Net Other | (104K) | (356K) | 49K | 14K | 12.6K | 12.0K | |
| Tax Provision | 83K | 103K | 60K | 39K | 62K | 58.9K | |
| Net Interest Income | (31K) | (153K) | (212K) | (223K) | (215K) | (225.8K) | |
| Reconciled Depreciation | 389K | 449K | 561K | 933K | 692K | 699.9K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ENGlobal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ENGlobal's short interest history, or implied volatility extrapolated from ENGlobal options trading.
Pair Trading with ENGlobal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ENGlobal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ENGlobal will appreciate offsetting losses from the drop in the long position's value.Moving against ENGlobal Stock
| 0.6 | VATE | Innovate Corp | PairCorr |
The ability to find closely correlated positions to ENGlobal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENGlobal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ENGlobal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ENGlobal to buy it.
The correlation of ENGlobal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ENGlobal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENGlobal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ENGlobal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for ENGlobal Stock analysis
When running ENGlobal's price analysis, check to measure ENGlobal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ENGlobal is operating at the current time. Most of ENGlobal's value examination focuses on studying past and present price action to predict the probability of ENGlobal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENGlobal's price. Additionally, you may evaluate how the addition of ENGlobal to your portfolios can decrease your overall portfolio volatility.
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Is ENGlobal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ENGlobal. If investors know ENGlobal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ENGlobal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (3.03) | Revenue Per Share 7.813 | Quarterly Revenue Growth (0.21) | Return On Assets (0.34) |
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.