Construction Partners Q1 2024 GAAP EPS $0.19 Beats $0.13 Estimate, Sales $396.50M Beat $394.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Construction Partners (NASDAQ:ROAD) reported Q1 2024 earnings of $0.19 per share, surpassing the $0.13 estimate, with sales of $396.50M also beating the $394.48M estimate. This represents a 16.01% increase in sales compared to the same period last year.
February 09, 2024 | 12:32 pm
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POSITIVE IMPACT
Construction Partners reported a significant beat on both earnings per share and sales estimates for Q1 2024, with a notable year-over-year sales growth.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year sales growth further strengthens the case for a positive outlook on ROAD's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100