Construction Partners Q2 2024 GAAP EPS $(0.02) Beats $(0.03) Estimate, Sales $371.400 Miss $366.054M Estimate
Portfolio Pulse from Benzinga Newsdesk
Construction Partners (NASDAQ:ROAD) reported Q2 2024 earnings with a GAAP EPS of $(0.02), surpassing the $(0.03) estimate. However, their sales of $371.4M missed the $366.054M estimate, marking a significant increase from $324.85M in the same period last year.
May 10, 2024 | 11:33 am
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Construction Partners reported a better-than-expected Q2 EPS but missed sales estimates, showing significant year-over-year sales growth.
The mixed earnings report with an EPS beat but a slight miss on sales forecasts could lead to neutral market reaction. The significant year-over-year sales growth indicates strong operational performance, potentially offsetting the negative impact of the sales miss.
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RELEVANCE 100