Aecon Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Aecon Group Inc ARE.TO reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$-1.99. The mean expectation of nine analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -9 cents to 24 cents per share.

• Revenue rose 52.4% to C$1.30 billion from a year ago; analysts expected C$1.10 billion.

• Aecon Group Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of C$7.63 million.

• Aecon Group Inc shares had fallen by 7.6% this quarter and lost 30.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 49% in the last three months.​

• In the last 30 days, three 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$22.00, about 14.8% above its last closing price of C$18.75

This summary was machine generated from LSEG data July 31 at 10:37 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)