Construction Partners Second Quarter 2024 Earnings: EPS Misses Expectations
Construction Partners (NASDAQ:ROAD) Second Quarter 2024 Results
Key Financial Results
Revenue: US$371.4m (up 14% from 2Q 2023).
Net loss: US$1.12m (loss narrowed by 80% from 2Q 2023).
US$0.022 loss per share (improved from US$0.11 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Construction Partners EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 150%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are up 7.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Construction Partners you should know about.
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