North American Construction Gains 4.6% as EPS Estimates Slashed 29.5%
North American Construction Group shares rose 4.6% to close at $16.03, marking a 2.1% gain over the past month. Consensus EPS estimates for the upcoming quarter have plunged 29.5% over the last month to $0.50, a 29.6% year-over-year decline, while the stock holds a Zacks Rank #5.
1. Stock Performance
Shares of North American Construction Group climbed 4.6% to close at $16.03 on the latest trading session, extending a monthly gain of 2.1%. This uptick contrasts with recent market headwinds affecting the broader industrial services sector.
2. Earnings Estimate Revisions
Consensus estimates for the company’s upcoming quarterly earnings per share have fallen sharply by 29.5% over the past month, now standing at $0.50, reflecting a 29.6% decline compared to the year-ago quarter.
3. Analyst Ranking
The stock currently carries a Zacks Rank #5 (Strong Sell), indicating bearish analyst sentiment driven by the downward revisions in earnings projections and concerns over near-term revenue momentum.