Investors might want to bet on Construction Partners (ROAD) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. I ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

Construction Partners, Inc. (ROAD) reported solid third-quarter fiscal 2024 (ended Jun 30, 2024) results, with earnings and revenues surpassing the Zacks Consensus Estimate and increased on a year-over-year basis. The company's quarterly result reflects a strong demand environment across more than 70 local markets in the Southeast. Owing to strong industry demand and favorable funding trends, the company raised its fiscal 2024 outlook. ROAD focuses on safely and efficiently building projects across six sout ...

Construction Partners, Inc. (NASDAQ:ROAD) Q3 2024 Earnings Call Transcript August 9, 2024 10:00 AM ET Company Participants Rick Black - IR Jule Smith - CEO Greg Hoffman - CFO Ned Fleming - Executive Chairman Conference Call Participants Kathryn Thompson - Thompson Research Group Tyler Brown - Raymond James Andrew Whitman - Baird Adam Thalhimer - Thompson Davis & Company Stanley Elliott - Stifel Brent Thielman - D.A. Davidson Operator Greetings. Welcome to Construction Partners' Third Quarter Earnings Confer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------------------------------------|-------------------------------------------------- ...

Construction Partners (ROAD) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.26%. A quarter ago, it was expected that this road and highway construction company would post a loss of $0.07 per share when it actually produced a loss of $0.02, delivering a surprise of 71.43%. Over the ...

Exhibit 99.1 NEWS RELEASE Construction Partners, Inc. Announces Fiscal 2024 Third Quarter Results Revenue Up 22.7% Compared to Q3 FY23 Net Income Up 42.4% Compared to Q3 FY23 Adjusted EBITDA Up 30.5% Compared to Q3 FY23 Record Backlog of $1.86 Billion Company Raises FY24 Outlook DOTHAN, AL, August 9, 2024 – Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeast ...

The market expects Construction Partners (ROAD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 9, 2024, might help the stock move higher if these key num ...

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Company Expands into Columbus Metro Area DOTHAN, Ala., Aug. 1, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Robinson Paving Company, headquartered in Columbus, Georgia. In connection with the transaction, the Company added three hot-mix asphalt plants and related crews and equipment ...