Earnings Estimates Rising for Construction Partners (ROAD): Will It Gain?

Core Insights - Construction Partners (ROAD) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum [1][2] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2][3] Current-Quarter Estimate Revisions - The company is projected to earn $0.93 per share for the current quarter, indicating a year-over-year increase of +57.63% [6] - Over the past 30 days, one estimate has been revised upward with no negative revisions, resulting in a 7.75% increase in the Zacks Consensus Estimate [6] Current-Year Estimate Revisions - For the full year, Construction Partners is expected to earn $2.14 per share, representing a +60.9% change from the previous year [7] - The consensus estimate has increased by 10.29% due to three upward revisions and no negative revisions in the past month [7][8] Zacks Rank and Performance - The favorable estimate revisions have led to a Zacks Rank 2 (Buy) for Construction Partners, indicating strong potential for outperformance [9] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9] Recent Stock Performance - Construction Partners shares have increased by 18.8% over the past four weeks, suggesting investor confidence in its earnings growth prospects [10]