North American Construction Group Ltd reports results for the quarter ended December 31 - Earnings Summary

• North American Construction Group Ltd NOA.TO reported quarterly adjusted earnings of C$1.00​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of seven analysts for the quarter was for earnings of C$1.03 per share. Wall Street expected results to range from 77 cents to C$1.35 per share.

• Revenue fell 6.3% to C$305.59 million from a year ago; analysts expected C$308.36 million.

• The company reported quarterly net income of C$4.81 million.

• North American Construction Group Ltd shares had fallen by 21.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% 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 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil related services and equipment peer group is also "buy"

Wall Street's median 12-month price target for North American Construction Group Ltd is C$38.00

This summary was machine generated from LSEG data March 20 at 01:28 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)