Construction Partners Q3 EPS $0.41 Beats $0.34 Estimate, Sales $421.89M Miss $433.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Construction Partners (NASDAQ:ROAD) reported Q3 earnings of $0.41 per share, beating the analyst consensus estimate of $0.34 by 20.59%. This is a 78.26% increase from the same period last year. However, the company's quarterly sales of $421.89 million missed the analyst consensus estimate of $433.81 million by 2.75%, though it's a 10.95% increase from last year.
August 04, 2023 | 11:00 am
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Construction Partners beat Q3 earnings estimates but missed on sales. This mixed result could lead to uncertain short-term price movements.
Construction Partners reported better than expected earnings per share, which is a positive signal for investors. However, the company missed sales estimates, which could be a concern. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100