North American Construction (NOA) Q2 Earnings and Revenues Miss Estimates

Company Performance - North American Construction (NOA) reported quarterly earnings of $0.01 per share, significantly missing the Zacks Consensus Estimate of $0.59 per share, and down from earnings of $0.57 per share a year ago, indicating a -98.31% earnings surprise [1][2] - The company posted revenues of $231.73 million for the quarter ended June 2025, which was 2.71% below the Zacks Consensus Estimate and an increase from $201.95 million in the same quarter last year [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.99, with expected revenues of $244.03 million, while the estimate for the current fiscal year is $2.72 on revenues of $978.18 million [8] - The earnings outlook for North American Construction has been favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [7] Industry Context - North American Construction operates within the Oil and Gas - Mechanical and Equipment industry, which is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [9] - The performance of the stock may also be influenced by the overall outlook for the industry, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [6][9]