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

Arcosa

03/05/2024 10:42

* Arcosa Inc  ACA.N  reported quarterly adjusted earnings of
73
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.06. 
The mean expectation of five analysts for the quarter was
for earnings of 52 cents per share. Wall Street expected
results to range from 40 cents to 62 cents per share.
    * Revenue rose 9% to $598.60 million from a year ago;
analysts
expected $580.06 million. 
    * Arcosa Inc's reported EPS for the quarter was 80 cents​.
    * The company reported quarterly net income of $39.2
million.
    * Arcosa Inc shares had fallen by 9.6% this quarter and
lost 6.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.1%
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
$95.00 
This summary was machine generated from LSEG data May 3 at 09:42
a.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
 Mar. 31 2024      0.52           0.73           Beat
 Dec. 31 2023      0.49           0.68           Beat
 Sep. 30 2023      0.67           0.73           Beat
 Jun. 30 2023      0.59           0.76           Beat