Despite recent losses in the construction sector and the broader S&P 500, Construction Partners (NASDAQ:ROAD) has seen a month-long share increase of 5.45%, closing the recent trading day at $38.45, marking a 0.39% rise. This performance lagged behind the S&P 500's gain of 0.65%, Dow's rise of 0.38%, and Nasdaq's increase of 0.48%.
The construction sector experienced a loss of -6.37%, while the S&P 500 dropped by -2.79%. Despite these downturns, Construction Partners' forthcoming financial results are anticipated to show robust growth.
The company is expected to report earnings of $0.52 per share, indicating a yearly growth of 108%. Additionally, quarterly revenue is forecasted to surge by 18.13% to $464.3 million from last year's figures.
The company's recent consensus EPS estimate has moved 9.91% higher, reflecting an optimistic outlook on its earnings performance. Moreover, with a Forward P/E ratio of 30.04, Construction Partners significantly surpasses its industry average of 14.76, indicating that investors are willing to pay a higher price for its shares due to expected future earnings growth.
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