Aegion (AEGN) Q1 Earnings & Revenues Lag Estimates, Down Y/Y
Zacks Investment Research | May 01, 2019 11:51PM ET
Aegion Corporation (NASDAQ:AEGN) reported first-quarter 2019 results wherein both earnings and revenues missed the Zacks Consensus Estimate. Consequently post results, shares of this global manufacturer and distributor of flooring products dipped nearly 2% in after-hours trading session.
Aegion reported adjusted earnings of 6 cents per share, below the consensus estimate and also the year-ago figure of 13 cents by 53.4%. This downside was mainly due to poor segmental performance and adverse weather conditions.
Additionally, total revenues of $277 million lagged the consensus mark of $300 million by 7.7%. The reported figure was also down 14.8% on a year-over-year basis. On the same-store basis, revenues fell 8% due to the expected reduction in large coating project contributions at Corrosion Protection and the turnaround activity at Energy Services.
Aegion Corporation Price, Consensus and EPS Surprise
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