North American Construction Group Ltd reports results for the quarter ended June 30 - Earnings Summary

• North American Construction Group Ltd NOA.TO reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of five analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 65 cents to 83 cents per share.

• Revenue rose 16% to C$320.63 million from a year ago; analysts expected C$331.28 million.

• North American Construction Group Ltd's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of C$10.25 million.

• North American Construction Group Ltd shares had risen by 3.1% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.1% 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 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

This summary was machine generated from LSEG data August 13 at 09:46 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)