Construction Partners Inc reports results for the quarter ended June 30 - Earnings Summary

• Construction Partners Inc ROAD.OQ reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of six analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 67 cents to $1.04 per share.

• Revenue rose 50.5% to $779.28 million from a year ago; analysts expected $783.56 million.

• Construction Partners Inc's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of $44.05 million.

• Construction Partners Inc shares had fallen by 12.1% this quarter and gained 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.9% in the last three months.​

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

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 $114.50, about 18.4% above its last closing price of $93.43

This summary was machine generated from LSEG data August 7 at 06:59 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)