Earnings Preview: Concrete Pumping Holdings
Portfolio Pulse from Benzinga Insights
Concrete Pumping Holdings (NASDAQ:BBCP) is expected to release its quarterly earnings report on January 11, 2024, with an estimated EPS of $0.18. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted to past earnings performances and guidance. Last quarter, BBCP beat the EPS estimate by $0.02, leading to a 6.8% stock price increase the following day. Over the last year, BBCP shares have risen by 26.2%, trading at $7.9 as of January 8.
January 10, 2024 | 2:00 pm
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Concrete Pumping Holdings is anticipated to report quarterly earnings with an EPS estimate of $0.18. A positive earnings surprise and guidance could lead to a stock price increase, as seen last quarter with a 6.8% rise following an earnings beat.
Given BBCP's history of stock price increases following an earnings beat, and considering the positive trend over the past year, there is a reasonable expectation for a short-term positive impact on the stock price if the company reports favorable earnings and guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100