Concrete Pumping Holdings Q3 EPS $0.18 Beats $0.16 Estimate, Sales $120.67M Beat $114.98M Estimate
Portfolio Pulse from Happy Mohamed
Concrete Pumping Holdings (NASDAQ:BBCP) reported Q3 earnings of $0.18 per share, beating the analyst consensus estimate of $0.16 by 12.5%. However, this is a 25% decrease from the same period last year. The company also reported quarterly sales of $120.67 million, beating the analyst consensus estimate of $114.98 million by 4.95%, and marking a 15.51% increase from the same period last year.
September 07, 2023 | 8:21 pm
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NEUTRAL IMPACT
BBCP's Q3 earnings and sales beat estimates, but earnings are down 25% YoY. Sales are up 15.51% YoY.
While BBCP beat Q3 earnings and sales estimates, the decrease in earnings compared to the same period last year might concern investors. However, the increase in sales could offset this concern to some extent, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100