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

• North American Construction Group Ltd NOA.TO reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of six analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 63 cents to 99 cents per share.

• Revenue rose 14.7% to C$340.83 million from a year ago; analysts expected C$307.36 million.

• North American Construction Group Ltd's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of C$6.16 million.

• North American Construction Group Ltd shares had risen by 4.1% this quarter and lost 23.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19% 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," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for North American Construction Group Ltd is C$36.50

This summary was machine generated from LSEG data May 14 at 10:32 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)