Corrects Q4 Net Income to $49.2 mln from $47.6 mln in Key Details table
Overview
U.S. power plant builder's Q4 revenue rose 13%, beating analyst expectations
Q4 diluted EPS increased year-over-year
Outlook
Company expects to drive meaningful revenue growth and enhanced profitability in the years ahead
Result Drivers
NEW CONTRACTS - Power segment revenues increased as recently awarded contracts progressed through early construction stages
PROJECT EXECUTION - Improved gross profit margins in Power segment due to strong project execution, including early completion at Trumbull Energy Center
Company press release: ID:nBw30Wv8Pa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$262.05 mln
$255.32 mln (4 Analysts)
Q4 EPS
$3.47
Q4 Net Income
$49.2 mln
Q4 EBITDA
$56 mln
Q4 Gross Profit
$65.6 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Argan Inc is $384.50, about 12.1% below its March 25 closing price of $437.48
The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 43 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)