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Strength Seen in North American Construction (NOA): Can Its 5.4% Jump Turn into More Strength?
ZACKSยท 2025-08-08 11:51
Group 1: Stock Performance - North American Construction (NOA) shares increased by 5.4% to close at $16.02, following a notable trading volume compared to typical sessions, despite an 8.8% loss over the past four weeks [1] - The positive market reaction indicates investor confidence in the company's growth outlook after the announcement of a $2 billion, five-year contract in Queensland, Australia [2] Group 2: Financial Expectations - The company is expected to report quarterly earnings of $0.59 per share, reflecting a year-over-year increase of 3.5%, with revenues projected at $232.61 million, up 15.2% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 3.2% higher in the last 30 days, suggesting a potential for price appreciation [4] Group 3: Industry Context - North American Construction operates primarily in Canada but is expanding internationally, focusing on resource-based industries through earthworks, mine management, and site development [2] - The company is part of the Zacks Oil and Gas - Mechanical and Equipment industry, which includes other stocks like Matrix Service (MTRX), which saw a 3.9% increase in its last trading session [5]