CORRECTED-Argan Q4 revenue beats estimates
Overview
U.S. power plant builder's Q4 revenue rose 13%, beating analyst expectations
Q4 diluted EPS increased year-over-year
Outlook
Company expects to drive meaningful revenue growth and enhanced profitability in the years ahead
Result Drivers
NEW CONTRACTS - Power segment revenues increased as recently awarded contracts progressed through early construction stages
PROJECT EXECUTION - Improved gross profit margins in Power segment due to strong project execution, including early completion at Trumbull Energy Center
Company press release: ID:nBw30Wv8Pa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $262.05 mln | $255.32 mln (4 Analysts) |
Q4 EPS |
| $3.47 |
|
Q4 Net Income |
| $49.2 mln |
|
Q4 EBITDA |
| $56 mln |
|
Q4 Gross Profit |
| $65.6 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Argan Inc is $384.50, about 12.1% below its March 25 closing price of $437.48
The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 43 three months ago
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