Construction Partners (ROAD) Reports Q4: Everything You Need To Know Ahead Of Earnings

ROAD Cover Image

Civil infrastructure company Construction Partners (NASDAQ: ROAD) will be reporting earnings this Thursday morning. Here’s what you need to know.

Construction Partners met analysts’ revenue expectations last quarter, reporting revenues of $899.8 million, up 67.2% year on year. It was a mixed quarter for the company, with full-year EBITDA guidance beating analysts’ expectations but a significant miss of analysts’ organic revenue estimates.

Is Construction Partners a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Construction Partners’s revenue to grow 30.5% year on year to $732.7 million, slowing from the 41.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.

Construction Partners Total Revenue

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. Construction Partners has missed Wall Street’s revenue estimates twice over the last two years.

With Construction Partners being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for construction and engineering stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.5% on average over the last month. Construction Partners is up 4.4% during the same time and is heading into earnings with an average analyst price target of $127.43 (compared to the current share price of $117.74).

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