Aecon Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Aecon Group Inc ARE.TO reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of nine analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 27 cents to 57 cents per share.

• Revenue rose 12.1% to C$1.27 billion from a year ago; analysts expected C$1.19 billion.

• Aecon Group Inc's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of C$14.03 million.

• Aecon Group Inc shares had fallen by 18.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% 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 "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "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 Aecon Group Inc is C$31.00

This summary was machine generated from LSEG data March 6 at 02:30 a.m. UTC. ​All figures in Canadian 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)