Workflow
North American Construction Group(NOA)
icon
Search documents
North American Construction (NOA) Loses 8.6% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-07-22 14:35
Group 1 - North American Construction (NOA) has experienced significant selling pressure, with a decline of 8.6% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory [1] - The Relative Strength Index (RSI) for NOA is currently at 29.98, indicating that the stock is oversold and may soon experience a reversal towards its previous equilibrium of supply and demand [5] - There is a strong consensus among Wall Street analysts that NOA will report better earnings than previously predicted, with a 0.6% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - NOA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, suggesting a strong potential for a turnaround [8]
Is the Options Market Predicting a Spike in North America Construction Stock?
ZACKS· 2025-07-18 13:56
Group 1 - North America Construction Group (NOA) is experiencing significant activity in the options market, particularly with the Aug 15, 2025 $17.50 Call showing high implied volatility, indicating potential for a major price movement [1][3] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2][3] - Analysts currently rate North America Construction as a Zacks Rank 3 (Hold) within the Oil and Gas - Mechanical and Equipment Industry, which is in the bottom 13% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one has lowered their estimate, resulting in a decrease in the Zacks Consensus Estimate from 66 cents to 63 cents [3] - The high implied volatility may indicate a trading opportunity, as options traders often seek to sell premium on options with high implied volatility, hoping the underlying stock does not move as much as expected by expiration [4]
Wall Street Analysts Think North American Construction (NOA) Could Surge 51.09%: Read This Before Placing a Bet
ZACKS· 2025-05-21 15:01
Core Viewpoint - North American Construction (NOA) has shown a significant price increase of 11.1% over the past four weeks, with a mean price target of $25.70 indicating a potential upside of 51.1% from its current price of $17.01 [1] Price Targets and Analyst Consensus - The average price target for NOA ranges from a low of $19.46 to a high of $31.68, with a standard deviation of $3.99, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 14.4% increase, while the highest suggests an 86.2% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Optimism - Analysts are optimistic about NOA's earnings prospects, as indicated by a trend of upward revisions in earnings estimates [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 1.3%, with one estimate moving higher and no negative revisions [12] - NOA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are often sought after, they can mislead investors, as empirical research shows they rarely indicate actual stock price movements [7] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8] - Investors should treat price targets with skepticism and not rely solely on them for investment decisions [10]
Despite Challenges, North American Construction Group's Low Valuation Multiples Keep It Attractive
Seeking Alpha· 2025-05-21 10:41
Core Insights - The article discusses the author's extensive experience in stock analysis, particularly in the energy sector, focusing on oilfield equipment services and industrial supply industries [1]. Group 1 - The author has over 14 years of experience in analyzing and writing on stocks, covering both long and short positions in an unbiased manner [1]. - The primary focus of the author's analysis has been on the energy sectors for the past 7 years, specifically the oilfield equipment services sector [1]. - The author also covers the industrial supply industry and occasionally collaborates with another contributor [1].
North American Construction Group Ltd. Announces Voting Results Of Annual Meeting Of Shareholders
Globenewswire· 2025-05-16 21:30
Group 1 - North American Construction Group Ltd. (NACG) held its Annual Meeting of Shareholders on May 14, 2025, where shareholders elected directors and approved KPMG LLP as independent auditors [1] - The election results showed strong support for the directors, with Martin R. Ferron receiving 93.39% of votes in favor, and Joseph C. Lambert receiving 99.78% [1] - A non-binding advisory vote on the company's approach to executive compensation was approved with 79.59% of votes in favor [1] Group 2 - NACG is a leading provider of heavy civil construction and mining services in Australia, Canada, and the U.S., with over 70 years of experience in the mining, resource, and infrastructure construction markets [2]
North American Construction (NOA) Q1 Earnings Miss Estimates
ZACKS· 2025-05-14 23:55
Company Performance - North American Construction reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.52 per share, and down from $0.58 per share a year ago [1] - The earnings surprise was -30.77%, and the company has surpassed consensus EPS estimates only once in the last four quarters [2] - The company posted revenues of $237.41 million for the quarter, exceeding the Zacks Consensus Estimate by 11.60%, compared to $220.33 million in the same quarter last year [3] Stock Movement and Outlook - North American Construction shares have declined approximately 23.9% since the beginning of the year, while the S&P 500 has gained 0.1% [4] - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $212.52 million, and for the current fiscal year, it is $2.74 on revenues of $892 million [8] Industry Context - The Oil and Gas - Mechanical and Equipment industry, to which North American Construction belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating potential challenges ahead [9] - Another company in the same industry, National Energy Services Reunited, is expected to report quarterly earnings of $0.20 per share, reflecting a year-over-year increase of 33.3% [10]
North American Construction Group Ltd. Announces Results for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-14 21:30
Core Insights - North American Construction Group Ltd. (NACG) reported strong financial results for Q1 2025, with combined revenue of $391.5 million, marking a 13% increase from the previous year, driven by higher equipment utilization in Canada and increased fleet capacity in Australia [5][12][15] - The company faced operational challenges due to severe weather conditions, particularly excessive rainfall in Australia and cold weather in Canada, which impacted overall performance and margins [3][16][17] Financial Performance - Revenue for Q1 2025 was $340.8 million, a 15% increase from $297.0 million in Q1 2024, with heavy equipment segments in Australia and Canada growing by 18% and 13% respectively [12][23] - Adjusted EBITDA increased slightly to $99.9 million, a 3% rise from $97.4 million in the same quarter last year, despite weather-related operational challenges [5][16] - Net income decreased to $6.2 million from $11.5 million in Q1 2024, reflecting higher depreciation and interest expenses [6][23] Operational Highlights - The Fargo-Moorhead flood diversion project surpassed 65% completion, and early development work commenced at a copper mine in New South Wales [5] - The company successfully converted $73 million of debentures into common shares, enhancing its equity position [5] - A new $225 million senior unsecured financing was completed to bolster liquidity for ongoing infrastructure and mining projects [5][31] Strategic Focus - NACG aims to leverage its strong reputation in heavy civil infrastructure and mining sectors in Australia and North America, with a focus on securing new contracts and expanding existing scopes [3][29] - The company is committed to maintaining high safety standards, operational excellence, and sustainability in its projects [29] Liquidity and Capital Structure - As of March 31, 2025, NACG reported net debt of $867.5 million, reflecting an increase due to cash flow usage and growth spending [5][28] - Total available capital liquidity stood at $198.5 million, providing a solid foundation for funding organic growth and working capital investments [28][30] Future Outlook - NACG projects combined revenue for 2025 to be between $1.4 billion and $1.6 billion, with adjusted EBITDA expected to reach $445 million [32] - The company plans to focus on organic growth, diversification of customers, and strategic partnerships to enhance its market position [29][32]
Earnings Preview: North American Construction (NOA) Q1 Earnings Expected to Decline
ZACKS· 2025-05-07 15:06
Core Viewpoint - North American Construction (NOA) is expected to report a year-over-year decline in earnings and revenues for the quarter ended March 2025, with the actual results being crucial for stock price movement [1][3]. Earnings Expectations - The consensus estimate for NOA's quarterly earnings is $0.52 per share, reflecting a year-over-year decrease of 10.3% [3]. - Expected revenues are projected at $212.74 million, down 3.4% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.23% higher in the last 30 days, indicating a slight positive reassessment by analysts [4]. - However, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -9.03%, suggesting a bearish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - North American Construction currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [11]. Historical Performance - In the last reported quarter, NOA was expected to post earnings of $0.73 per share but delivered $0.71, resulting in a surprise of -2.74% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Conclusion - North American Construction does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors before making investment decisions [16].
North American Construction Group Ltd. Announces Closing of Private Placement Offering of $225 Million Senior Unsecured Notes
Globenewswire· 2025-05-01 13:41
Core Viewpoint - North American Construction Group Ltd. (NACG) has successfully closed a private placement offering of $225 million in Senior Unsecured Notes with a 7.75% interest rate, maturing on May 1, 2030, to repay existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of $225 million aggregate principal amount of 7.75% Senior Unsecured Notes due May 1, 2030 [1]. - The Notes were sold in Canada under private placement exemptions and were not registered under the U.S. Securities Act, being offered only to qualified institutional buyers [2]. - The offering was underwritten by several financial institutions, including National Bank Financial Inc. and its U.S. affiliates [3]. Group 2: Company Overview - North American Construction Group Ltd. is a leading provider of heavy civil construction and mining services in Australia, Canada, and the U.S., with over 70 years of experience in the mining, resource, and infrastructure construction markets [4].
North American Construction Group Ltd. Announces Pricing of Private Placement Offering of $225 Million Senior Unsecured Notes
Globenewswire· 2025-04-25 12:00
Core Points - North American Construction Group Ltd. (NACG) announced a private placement offering of $225 million aggregate principal amount of 7.75% Senior Unsecured Notes due May 1, 2030 [1] - The Notes will accrue interest at a rate of 7.75% per annum, with semi-annual payments starting November 1, 2025 [1] - The net proceeds from the Offering will be used to repay existing indebtedness and for general corporate purposes [2] Offering Details - The Notes are being conditionally offered for sale in Canada and are not registered under the U.S. Securities Act [3] - The Offering is led by National Bank Financial Inc. and several other financial institutions, with expected closing on or about May 1, 2025 [4] Company Overview - NACG is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S., with over 70 years of experience in the mining, resource, and infrastructure construction markets [6]