Concrete Pumping Holdings slides after EPS miss, cautious UK outlook

Concrete Pumping Holdings

15/01/2020 18:10

** Concrete Pumping Holdings Inc  BBCP.O  shares down 9.80% at
$5.05 after fiscal Q4 report
    ** Stock on track for biggest one-day % drop since Sept 17,
after Q3 report
    ** Co reports breakeven adj EPS vs Refinitiv IBES estimate
of 4 cents/sh profit  urn:newsml:reuters.com:*:nGNX9mx51d
    ** Says remains cautious on UK outlook with concrete pumping
in region to be somewhat flat in fiscal 2020, but expects US
construction activity to remain robust
    ** Forecasts fiscal 2020 rev in range of $315-$330 mln
    ** All 4 brokerages covering BBCP recommend buying the
stock; median PT is $7 (Refinitiv data)
    ** ~178k BBCP shares have traded so far today, double the
30-DMA
    ** With Weds drop, BBCP down ~37% over past one year

 (Reporting by Lance Tupper)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))