Construction Partners (ROAD) Beats Q1 Earnings and Revenue Estimates

Core Viewpoint - Construction Partners reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, and showing an increase from $0.19 per share a year ago, representing an earnings surprise of 78.57% [1][2] Financial Performance - The company achieved revenues of $561.58 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 9.11%, compared to $396.51 million in the same quarter last year [2] - Over the last four quarters, Construction Partners has consistently exceeded consensus EPS estimates [2] Stock Performance - Since the beginning of the year, Construction Partners shares have declined by approximately 4.5%, while the S&P 500 has gained 3.4% [3] - The current Zacks Rank for Construction Partners is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $515.9 million, and for the current fiscal year, it is $1.95 on revenues of $2.56 billion [7] - The trend of estimate revisions for Construction Partners is currently mixed, which may change following the recent earnings report [6] Industry Context - The Building Products - Miscellaneous industry, to which Construction Partners belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]