Construction Partners Inc reports results for the quarter ended in January - Earnings Summary

Construction Partners

10/05/2024 16:07

* Construction Partners Inc  ROAD.OQ  reported a quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -11 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -11 cents to 5
cents per share.
    * Revenue rose 14.3% to $371.43 million from a year ago;
analysts
expected $366.05 million. 
    * Construction Partners Inc's reported EPS for the quarter
was a
loss of 2 cents​.
    * The company reported a quarterly loss of $1.12 million.
    * Construction Partners Inc shares had fallen by 4.2% this
quarter and gained 23.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.8%
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," 3
"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 Construction
Partners Inc is $55.00 
This summary was machine generated from LSEG data May 10 at
03:07 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
 Mar. 31 2024      -0.04          -0.02          Beat
 Dec. 31 2023      0.13           0.19           Beat
 Sep. 30 2023      0.52           0.59           Beat
 Jun. 30 2023      0.33           0.41           Beat