Construction Partners Inc reports results for the quarter ended March 31 - Earnings Summary

• Construction Partners Inc ROAD.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of six analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -14 cents to -6 cents per share.

• Revenue rose 53.9% to $571.65 million from a year ago; analysts expected $559.60 million.

• Construction Partners Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $4.22 million.

• Construction Partners Inc shares had risen by 28.7% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 70.3% 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 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 $103.00

This summary was machine generated from LSEG data May 9 at 01:32 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)