Concrete and waste management company Concrete Pumping (NASDAQ:BBCP) will be reporting earnings tomorrow afternoon. Here’s what to look for.
Concrete Pumping beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $111.5 million, down 7.3% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ organic revenue estimates.
Is Concrete Pumping a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Concrete Pumping’s revenue to decline 7.1% year on year to $90.81 million, a reversal from the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Concrete Pumping has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Concrete Pumping’s peers in the construction and maintenance services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Construction Partners delivered year-on-year revenue growth of 41.6%, beating analysts’ expectations by 9.7%, and Comfort Systems reported revenues up 37.6%, topping estimates by 5.5%. Construction Partners traded down 3.6% following the results while Comfort Systems was also down 4.8%.
Read our full analysis of Construction Partners’s results here and Comfort Systems’s results here.
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