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

• Aecon Group Inc ARE.TO reported a quarterly adjusted loss of 54 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of ten analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -30 cents to 6 cents per share.

• Revenue rose 25.4% to C$1.06 billion from a year ago; analysts expected C$916.60 million.

• Aecon Group Inc's reported EPS for the quarter was a loss of 60 cents​.

• The company reported a quarterly loss of C$37.93 million.

• Aecon Group Inc shares had risen by 0.8% this quarter and lost 37.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 324.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "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$23.00

This summary was machine generated from LSEG data April 23 at 10:35 p.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)