Arcosa Inc reports results for the quarter ended in December - Earnings Summary

Arcosa

23/02/2024 15:41

* Arcosa Inc  ACA.N  reported quarterly adjusted earnings of
68
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 24
cents.  The mean expectation of five analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 33 cents to 56 cents per share.
    * Revenue rose 16.4% to $582.20 million from a year ago;
analysts
expected $554.54 million. 
    * Arcosa Inc's reported EPS for the quarter was 56 cents​.
    * The company reported quarterly net income of $27.1
million.
    * Arcosa Inc shares had fallen by 0.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Arcosa Inc is
$88.00 
This summary was machine generated from LSEG data February 23 at
03:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.49           0.68           Beat
 Sep. 30 2023      0.67           0.73           Beat
 Jun. 30 2023      0.59           0.76           Beat
 Mar. 31 2023      0.55           1.06           Beat