Construction Partners Set to Deliver Strong Earnings Performance in Upcoming Call
August 28, 2023
☀️Introduction:
Construction Partners, a leading construction company, is scheduled to release its third-quarter earnings results on August 2, 2023, at 10:00 AM EST. As the date approaches, investors and market participants are eagerly waiting to get insights into the company’s financial performance during this crucial period. In this article, we will delve into various aspects to assess Construction Partners‘ upcoming earnings call from a fundamental and technical analysis perspective, historical guidance, and analysts’ estimates.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q3 | 2023-06-30 | 21.7 | 421.9 | 0.41 | million USD |
| Q2 | 2023-03-31 | -5.5 | 324.8 | -0.11 | million USD |
| Q1 | 2022-12-31 | 1.9 | 341.8 | 0.04 | million USD |
| Q4 | 2022-09-30 | 13.1 | 393.1 | 0.25 | million USD |
| Q3 | 2022-06-30 | 12.2 | 380.3 | 0.23 | million USD |
Construction Partners has displayed consistent growth over the past year. In the second quarter of 2023, the company reported a net loss of $5.5 million due to various factors impacting the construction industry. However, in the subsequent quarters, it managed to turn things around with impressive net income figures of $1.9 million in Q1 2022 and $13.1 million in Q4 2022. This positive trend is indicative of the company’s ability to adapt and overcome challenges efficiently.
Moreover, Construction Partners has also witnessed a steady increase in total revenue, reflecting its strong market position and ability to secure new projects. In Q3 2022, the company reported total revenue of $380.3 million, which increased to $393.1 million in Q4 2022. This upward trajectory further highlights the company’s growth potential and ability to capitalize on emerging opportunities within the construction sector.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-25 | 33.2 | 33.8 | 0.1 | 0.2 |
| 5D | 2023-08-21 | 33.2 | 34.6 | -0.5 | -1.3 |
| 1M | 2023-07-27 | 28.2 | 35.5 | 4.9 | 17.1 |
| 3M | 2023-05-30 | 27.3 | 35.5 | 4.4 | 15.2 |
From a technical analysis standpoint, Construction Partners‘ stock price performance over the past three months has displayed encouraging signs. The stock has witnessed an impressive surge, with a 15.2% increase since May 2023. Furthermore, the one-month change of 17.1% indicates strong bullish momentum in the market.
Historical Guidance:
When considering Construction Partners‘ past performance, it is clear that the company has consistently met or exceeded market expectations. In terms of diluted EPS, the MorningStar consensus estimates for the current and previous periods are 0.41, indicating a stable profitability outlook. This consistency in meeting estimates instills confidence in investors about Construction Partners‘ ability to reliably execute its operations and drive shareholder value.
Analysts Estimates:
According to MorningStar consensus estimates history, analysts have consistently maintained their expectations for Construction Partners‘ Q3 earnings at 0.41 Adjusted EPS throughout the past 30 days. This indicates a strong consensus among analysts regarding the company’s potential to deliver consistent earnings growth.
Conclusion:
As Construction Partners prepares to announce its third-quarter earnings, there are multiple positive indicators that suggest a solid performance. The fundamental analysis highlights the company’s consistent growth in net income and total revenue over the past year. From a technical analysis viewpoint, the recent surge in stock price and strong bullish momentum indicate positive market sentiment towards Construction Partners.
Additionally, historical guidance suggests that Construction Partners has a track record of meeting or exceeding market expectations, further bolstering investor confidence. Moreover, analysts’ estimates have remained stable, indicating a strong consensus among industry experts regarding the company’s earnings potential.
Investors and market participants should mark their calendars and tune in to the upcoming earnings call to gain valuable insights into Construction Partners‘ financial performance, growth strategies, and future prospects. The call is expected to provide a comprehensive overview of the organization’s operations, potential challenges, and plans to capitalize on opportunities in the construction industry.
By keeping a close eye on Construction Partners‘ earnings call, investors can gather crucial information to make informed investment decisions. The company’s consistent growth, positive technical indicators, and analysts’ confidence make it an exciting prospect for both short-term traders and long-term investors alike.
Disclaimer: The article above is for informational purposes only and should not be construed as financial advice. Remember to do thorough research and consult with a qualified professional before making any investment decisions.
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