North American Construction Faces Q4 EPS Drop to $0.50 on $222M Revenue Forecast
North American Construction Group is expected to report Q4 EPS of $0.50, down 29.6% year-over-year, on revenues of $222.29 million, up 1.8%. Sector peer Innovex International missed Q4 EPS by 31% with $0.20 versus a $0.29 consensus and delivered $273.6 million in revenue, 14% above estimates.
1. Innovex International Q4 Performance
Innovex International posted Q4 adjusted EPS of $0.20, missing the consensus estimate of $0.29 by 31% and down from $0.47 a year ago. The company generated $273.6 million in revenue, beating estimates by 14%, and its shares are up 16.5% year-to-date.
2. North American Construction Q4 Outlook
North American Construction Group is anticipated to report Q4 earnings of $0.50 per share, a 29.6% decline from $0.71 a year earlier, on revenues of $222.29 million, up 1.8% year-over-year. Consensus estimates for NOA’s upcoming report have remained unchanged over the past 30 days ahead of its earnings release.