Salta al contenuto Salta al piè di pagina

Construction Partners sees share increase despite sector losses

Construction Partners sees share increase despite sector losses
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect

Despite recent losses in the construction sector and the broader , Construction Partners (NASDAQ:) has seen a month-long share increase of 5.45%, closing the recent trading day at $38.45, marking a 0.39% rise. This performance lagged behind the S&P 500’s gain of 0.65%, Dow’s rise of 0.38%, and Nasdaq’s increase of 0.48%.

The construction sector experienced a loss of -6.37%, while the S&P 500 dropped by -2.79%. Despite these downturns, Construction Partners’ forthcoming financial results are anticipated to show robust growth.

The company is expected to report earnings of $0.52 per share, indicating a yearly growth of 108%. Additionally, quarterly revenue is forecasted to surge by 18.13% to $464.3 million from last year’s figures.

The company’s recent consensus EPS estimate has moved 9.91% higher, reflecting an optimistic outlook on its earnings performance. Moreover, with a Forward P/E ratio of 30.04, Construction Partners significantly surpasses its industry average of 14.76, indicating that investors are willing to pay a higher price for its shares due to expected future earnings growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Lascia un commento