What Awaits North American Construction (NOA) In Q3 Earnings?
Zacks Investment Research | Oct 22, 2019 11:07PM ET
North American Construction Group Ltd. or NACG (TSX:NOA) is scheduled to release third-quarter 2019 results on Oct 29, after the closing bell.
In the last reported quarter, the company’s earnings and revenues topped the Zacks Consensus Estimate by 3.9% and 7.9%, respectively. It reported second-quarter earnings of 27 cents per share compared with break-even earnings a year ago, aided by significant backlog. Revenues grew by a solid 123% year over year.
Markedly, NACG reported better-than-expected earnings in two of the last four quarters, with the average positive surprise being 4.1%.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at 23 cents over the past 30 days. This indicates an increase of 475% from 4 cents per share reported in the year-ago quarter. Revenues are expected to be $111.3 million, suggesting a 70.9% increase from the year-ago reported figure of $65.1 million.
North American Construction Group Ltd. Price and EPS Surprise
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