crete Pumping (US:BBCP) ZACKSยท2024-06-06 22:21Company Performance - Concrete Pumping reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share, and down from $0.09 per share a year ago, representing an earnings surprise of -28.57% [1] - The company posted revenues of $107.06 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 3.55%, and down from $107.79 million year-over-year [1] - Over the last four quarters, Concrete Pumping has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [1] Stock Performance - Concrete Pumping shares have declined approximately 8.8% since the beginning of the year, contrasting with the S&P 500's gain of 12.3% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $125.68 million, and for the current fiscal year, it is $0.40 on revenues of $462.28 million [4] - The estimate revisions trend for Concrete Pumping is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [4] Industry Context - The Waste Removal Services industry, to which Concrete Pumping belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Radius Recycling, another company in the same industry, is expected to report a quarterly loss of $0.87 per share, reflecting a year-over-year change of -229.9%, with revenues anticipated to be $721.6 million, down 10.9% from the previous year [5][6]