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

Arcosa

02/08/2024 24:05

* Arcosa Inc  ACA.N  reported quarterly adjusted earnings of
91
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 76
cents.  The mean expectation of five analysts for the quarter
was for earnings of 83 cents per share. Wall Street expected
results to range from 76 cents to 87 cents per share.
    * Revenue rose 13.7% to $664.70 million from a year ago;
analysts
expected $661.54 million. 
    * Arcosa Inc's reported EPS for the quarter was 93 cents​.
    * The company reported quarterly net income of $45.6
million.
    * Arcosa Inc shares had risen by 11.4% this quarter and
gained 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$96.00 
This summary was machine generated from LSEG data August 1 at
11:05 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
 Jun. 30 2024      0.83           0.91           Beat
 Mar. 31 2024      0.52           0.73           Beat
 Dec. 31 2023      0.49           0.68           Beat
 Sep. 30 2023      0.67           0.73           Beat