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

• Everus Construction Group Inc ECG.N reported quarterly adjusted earnings of $1.03​​ per share for the quarter ended June 30. The mean expectation of three analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 56 cents to 63 cents per share.

• Revenue was $921.47 million​; analysts expected $738.45 million.

• Everus Construction Group Inc's reported EPS for the quarter was $1.03​.

• The company reported quarterly net income of $52.84 million.

• Everus Construction Group Inc shares had risen by 11.6% this quarter and gained 7.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 Everus Construction Group Inc is $77.00, about 7.9% above its last closing price of $70.88

This summary was machine generated from LSEG data August 12 at 09:01 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)