Concrete Pumping (BBCP) Misses Q3 Earnings and Revenue Estimates

Core Viewpoint - Concrete Pumping (BBCP) reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share, and showing a decline from $0.17 per share a year ago, indicating a negative earnings surprise of -27.78% [1] Financial Performance - The company posted revenues of $109.62 million for the quarter ended July 2024, missing the Zacks Consensus Estimate by 13.07%, and down from $120.67 million year-over-year [1] - Over the last four quarters, Concrete Pumping has not surpassed consensus EPS estimates and has topped revenue estimates only once [1] Stock Performance - Concrete Pumping shares have declined approximately 25% since the beginning of the year, contrasting with the S&P 500's gain of 15.9% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $128.2 million, and for the current fiscal year, it is $0.35 on revenues of $459.1 million [4] - The estimate revisions trend for Concrete Pumping is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Waste Removal Services industry, to which Concrete Pumping belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stock performance [5]