Construction Partners Inc reports results for the quarter ended September 30 - Earnings Summary

Construction Partners

21/11/2024 14:32

* Construction Partners Inc  ROAD.OQ  reported quarterly
adjusted
earnings of 56 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 59 cents.  The mean expectation of six analysts
for the quarter was for earnings of 57 cents per share. Wall
Street expected results to range from 54 cents to 58 cents per
share.
    * Revenue rose 13.3% to $538.16 million from a year ago;
analysts
expected $538.05 million. 
    * Construction Partners Inc's reported EPS for the quarter
was 56
cents​.
    * The company reported quarterly net income of $29.31
million.
    * Construction Partners Inc shares had risen by 30.8% this
quarter and gained 109.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 $94.50 
This summary was machine generated from LSEG data November 21 at
02:31 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
 Sep. 30 2024      0.57           0.56           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