Espey Historical Income Statement

ESP Stock  USD 30.18  0.16  0.53%   
Historical analysis of Espey Mfg income statement accounts such as Total Revenue of 24.8 M or Gross Profit of 5.6 M can show how well Espey Mfg Electronics performed in making a profits. Evaluating Espey Mfg income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Espey Mfg's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Espey Mfg Electronics 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 Espey Mfg Electronics is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Espey Mfg Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

About Espey Income Statement Analysis

Espey Mfg Electronics 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 Espey Mfg shareholders. The income statement also shows Espey 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).

Espey Mfg Income Statement Chart

At this time, Espey Mfg's Income Tax Expense is relatively stable compared to the past year. As of 12/01/2024, Net Income From Continuing Ops is likely to grow to about 6.1 M, while Gross Profit is likely to drop slightly above 5.6 M.

Total Revenue

Total revenue comprises all receipts Espey Mfg Electronics 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Espey Mfg Electronics minus its cost of goods sold. It is profit before Espey Mfg operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Espey Mfg Electronics. It is also known as Espey Mfg 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 Espey Mfg Electronics income statement and represents the costs associated with goods and services Espey Mfg 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 Espey Mfg's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Espey Mfg Electronics 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 Espey Mfg Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Espey Mfg's Income Tax Expense is relatively stable compared to the past year. As of 12/01/2024, Net Income From Continuing Ops is likely to grow to about 6.1 M, while Gross Profit is likely to drop slightly above 5.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit5.5M8.1M10.7M5.6M
Total Revenue32.1M35.6M38.7M24.8M

Espey Mfg income statement Correlations

0.440.55-0.10.75-0.28-0.23-0.210.730.83-0.28-0.12-0.16-0.580.85-0.61-0.410.47-0.580.210.210.820.06
0.440.31-0.040.43-0.3-0.28-0.270.40.55-0.31-0.34-0.28-0.380.54-0.42-0.370.69-0.45-0.18-0.180.35-0.28
0.550.310.690.930.30.340.350.950.770.28-0.10.360.020.77-0.530.110.42-0.080.260.270.220.26
-0.1-0.040.690.390.810.830.830.420.140.790.10.790.70.13-0.050.68-0.040.510.30.3-0.310.37
0.750.430.930.39-0.030.020.041.00.93-0.04-0.160.07-0.330.92-0.66-0.190.57-0.370.20.20.430.16
-0.28-0.30.30.81-0.031.01.00.01-0.261.00.390.980.93-0.240.190.94-0.220.790.510.51-0.290.48
-0.23-0.280.340.830.021.01.00.06-0.220.990.360.980.91-0.20.140.92-0.20.770.520.51-0.270.49
-0.21-0.270.350.830.041.01.00.08-0.20.990.360.990.9-0.170.130.91-0.190.760.520.52-0.260.49
0.730.40.950.421.00.010.060.080.910.0-0.160.1-0.290.9-0.64-0.160.55-0.330.20.20.410.16
0.830.550.770.140.93-0.26-0.22-0.20.91-0.26-0.15-0.15-0.551.0-0.75-0.390.68-0.560.20.20.560.16
-0.28-0.310.280.79-0.041.00.990.990.0-0.260.470.990.92-0.240.20.96-0.190.80.570.57-0.260.54
-0.12-0.34-0.10.1-0.160.390.360.36-0.16-0.150.470.50.33-0.110.260.630.130.440.840.840.220.77
-0.16-0.280.360.790.070.980.980.990.1-0.150.990.50.85-0.120.110.94-0.10.760.660.66-0.170.61
-0.58-0.380.020.7-0.330.930.910.9-0.29-0.550.920.330.85-0.540.420.92-0.420.820.270.27-0.480.29
0.850.540.770.130.92-0.24-0.2-0.170.91.0-0.24-0.11-0.12-0.54-0.76-0.360.7-0.550.240.250.590.19
-0.61-0.42-0.53-0.05-0.660.190.140.13-0.64-0.750.20.260.110.42-0.760.34-0.610.49-0.1-0.1-0.360.0
-0.41-0.370.110.68-0.190.940.920.91-0.16-0.390.960.630.940.92-0.360.34-0.20.820.60.6-0.250.57
0.470.690.42-0.040.57-0.22-0.2-0.190.550.68-0.190.13-0.1-0.420.7-0.61-0.2-0.270.310.310.40.17
-0.58-0.45-0.080.51-0.370.790.770.76-0.33-0.560.80.440.760.82-0.550.490.82-0.270.390.38-0.560.4
0.21-0.180.260.30.20.510.520.520.20.20.570.840.660.270.24-0.10.60.310.391.00.290.88
0.21-0.180.270.30.20.510.510.520.20.20.570.840.660.270.25-0.10.60.310.381.00.290.88
0.820.350.22-0.310.43-0.29-0.27-0.260.410.56-0.260.22-0.17-0.480.59-0.36-0.250.4-0.560.290.290.1
0.06-0.280.260.370.160.480.490.490.160.160.540.770.610.290.190.00.570.170.40.880.880.1
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Espey Mfg Account Relationship Matchups

Espey Mfg income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization568.5K519.8K494.6K484.9K453.5K502.9K
Interest Expense228.7K136.9K57.9K12.2K14.0K13.3K
Total Revenue31.5M27.7M32.1M35.6M38.7M24.8M
Gross Profit5.6M3.4M5.5M8.1M10.7M5.6M
Other Operating Expenses30.4M28.2M30.6M31.3M32.2M22.1M
Operating Income1.2M(426.1K)1.5M4.3M6.5M6.9M
Ebit1.2M(426.1K)1.5M4.3M6.5M6.9M
Ebitda1.7M93.7K2.0M4.8M7.0M7.3M
Cost Of Revenue26.0M24.4M26.6M27.5M28.1M19.2M
Total Operating Expenses4.4M3.8M3.9M3.8M4.1M2.9M
Income Before Tax1.3M(368.2K)1.6M4.7M7.3M7.7M
Total Other Income Expense Net136.9K57.9K63.9K406.5K755.6K793.3K
Net Income1.2M(181.5K)1.3M3.7M5.8M6.1M
Income Tax Expense145.5K(186.7K)328.0K1.0M1.5M1.6M
Selling General Administrative4.4M3.8M3.9M3.8M4.1M3.1M
Research Development44.7K40.9K32.4K65.4K86.7K83.8K
Net Income Applicable To Common Shares1.2M(181.5K)1.3M3.7M4.2M2.4M
Net Income From Continuing Ops1.2M(181.5K)1.3M3.7M5.8M6.1M
Tax Provision145.5K(186.7K)328.0K1.0M1.5M1.6M
Interest Income109.8K21.4K12.2K359.6K728.3K764.7K
Net Interest Income109.7K21.4K12.2K359.6K728.3K764.7K
Reconciled Depreciation568.5K519.8K494.6K484.9K453.5K540.0K

Pair Trading with Espey Mfg

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 Espey Mfg 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 Espey Mfg will appreciate offsetting losses from the drop in the long position's value.

Moving against Espey Stock

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The ability to find closely correlated positions to Espey Mfg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Espey Mfg 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 Espey Mfg - 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 Espey Mfg Electronics to buy it.
The correlation of Espey Mfg 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 Espey Mfg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Espey Mfg Electronics 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 Espey Mfg 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.
Pair CorrelationCorrelation Matching

Additional Tools for Espey Stock Analysis

When running Espey Mfg's price analysis, check to measure Espey Mfg'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 Espey Mfg is operating at the current time. Most of Espey Mfg's value examination focuses on studying past and present price action to predict the probability of Espey Mfg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Espey Mfg's price. Additionally, you may evaluate how the addition of Espey Mfg to your portfolios can decrease your overall portfolio volatility.