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

Construction Partners

29/11/2023 14:31

* Construction Partners Inc  ROAD.OQ  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 52 cents per
share. Wall Street expected results to range from 48 cents to 54
cents per share.
    * Revenue rose 20.9% to $475.03 million from a year ago;
analysts
expected $464.71 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 15.1% this
quarter and gained 57.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.4%
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
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for
Construction
Partners Inc is $44.50 

This summary was machine generated from LSEG data November 29 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.52           0.59           Beat
 Jun. 30 2023      0.33           0.41           Beat
 Mar. 31 2023      -0.18          -0.11          Beat
 Dec. 31 2022      0.05           0.04           Missed