Construction Partners Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Construction Partners, Inc. (NASDAQ:ROAD) is set to release its Q2 earnings before the market opens on May 10, with analysts predicting a loss of 4 cents per share and revenue of $366.05 million. The company recently acquired Sunbelt Asphalt Surfaces, Inc. Shares of ROAD rose 2.1% to close at $53.81. Analysts from Stifel, Baird, and Raymond James have provided updates on their ratings and price targets for ROAD.
May 10, 2024 | 7:21 am
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Construction Partners is anticipated to report a Q2 loss of 4 cents per share with revenue of $366.05 million. The company's recent acquisition and positive analyst ratings could influence its stock price.
The anticipation of a reduced quarterly loss compared to the previous year, combined with a significant acquisition and positive adjustments in analyst ratings and price targets, suggests a potential positive short-term impact on ROAD's stock price. The recent share price increase further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100