B of A Securities analyst Michael Feniger upgrades Construction Partners (NASDAQ:ROAD) from Neutral to Buy and lowers the price target from $40 to $34.
Construction Partners (NASDAQ:ROAD) is set to give its latest quarterly earnings report on Tuesday, 2021-11-23. Here's what investors need to know before the announcement.
Analysts estimate that Construction Partners will likely report an Earnings Per Share (EPS) of $0.40.
BofA analyst Michael Feniger has downgraded Construction Partners Inc (NASDAQ: ROAD) to Neutral from Buy and raised the price target to $43 from $37. The increased price target implies an upside of 7.96%.
Construction Partners Inc (NASDAQ:ROAD) reported third-quarter revenue growth of 20.6% year-over-year to $261.7 million, missing the consensus of $293.33 million. EPS…
Shares of Construction Partners (NASDAQ:ROAD) were unchanged after the company reported Q3 results.
Quarterly Results
Earnings per share fell 40.00% over the past year to $0.18, which missed the estimate of $0.33.
Construction Partners (NASDAQ:ROAD) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.33 by 45.45 percent. This is a 40 percent decrease over earnings of $0.30 per share
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