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

Construction Partners

09/08/2024 14:31

* Construction Partners Inc  ROAD.OQ  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 54 cents per
share. Wall Street expected results to range from 52 cents to 57
cents per share.
    * Revenue rose 22.7% to $517.79 million from a year ago;
analysts
expected $503.57 million. 
    * Construction Partners Inc's reported EPS for the quarter
was 59
cents​.
    * The company reported quarterly net income of $30.91
million.
    * Construction Partners Inc shares had risen by 5.6% this
quarter and gained 34.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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," 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 $60.50 
This summary was machine generated from LSEG data August 9 at
01:31 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      0.54           0.59           Beat
 Mar. 31 2024      -0.04          -0.02          Beat
 Dec. 31 2023      0.13           0.19           Beat
 Sep. 30 2023      0.52           0.59           Beat