Concrete Pumping Holdings Inc. Q1 2023 Earnings Estimate Released by William Blair
September 15, 2022
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Concrete Pumping Intrinsic Value –
Analyst firm William Blair has released its earnings estimate for Concrete Pumping($NASDAQ:BBCP) Holdings Inc for the first quarter of 2023.
The company has been facing some challenges in recent quarters, including increased competition and pricing pressure.
However, it has been able to offset some of these pressures by expanding its product offerings and growing its market share. In the first quarter of 2023, Concrete Pumping Holdings is expected to continue to face some challenges, but its earnings are still expected to be in line with estimates.
Earnings
For the quarter, CONCRETE PUMPING earned a total revenue of 374.2M USD and net income of 25.1M USD. This is compared to the previous year where they saw an 18.5% increase in total revenue but a 266.2% decrease in net income. Over the last three years, CONCRETE PUMPING’s total revenue has grown from 304.3M USD to 374.2M USD.
Stock Price
On Wednesday, CONCRETE PUMPING stock opened at $6.9 and closed at $6.8, down by 1.6% from last closing price of 6.9. The stock hit an intraday high of $7.0 and an intraday low of $6.8.
VI Analysis – Concrete Pumping Intrinsic Value
A company’s fundamentals are a reflection of its long-term potential. The intrinsic value of a company’s shares is a measure of this potential. The VI app makes it easy to see a company’s intrinsic value. The intrinsic value of CONCRETE PUMPING shares is around $7.0, calculated by VI Line. The stock is currently trading at $6.8, which means it is slightly undervalued by 2%.
Summary
Concrete Pumping is one of the largest and most experienced concrete pumping companies in North America. They offer a wide range of concrete pumping services and products to meet the needs of their customers. Investing in Concrete Pumping can be a great way to diversify your portfolio and make some good returns. The company has a strong track record of profitability and growth, and is well-positioned to continue this into the future. The recent earnings release by William Blair is very positive, and shows that the company is on track to continue its strong performance. This is a great time to invest in Concrete Pumping, and it is a stock that will do well in the long-term.
