Concrete Pumping (BBCP) got here out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.16 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 14.29%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.18 per share when it really produced earnings of $0.13, delivering a shock of -27.78%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Concrete Pumping
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Concrete Pumping shares have misplaced about 0.3% for the reason that starting of the 12 months versus the S&P 500’s acquire of 0.5%.
What’s Subsequent for Concrete Pumping?
Whereas Concrete Pumping has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Concrete Pumping: blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.06 on $89.7 million in revenues for the approaching quarter and $0.31 on $428.2 million in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth affect on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Waste Elimination Providers is at the moment within the backside 31% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Xylem (XYL), one other inventory in the identical trade, has but to report outcomes for the quarter ended December 2024.
This water and wastewater therapy firm is anticipated to put up quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +14.1%. The consensus EPS estimate for the quarter has been revised 0.2% increased during the last 30 days to the present stage.
Xylem’s revenues are anticipated to be $2.19 billion, up 3.3% from the year-ago quarter.
Ought to You Spend money on CONCRETE PUMPING HOLDINGS, INC. (BBCP)?
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CONCRETE PUMPING HOLDINGS, INC. (BBCP) : Free Stock Analysis Report
Xylem Inc. (XYL) : Free Stock Analysis Report
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