Concrete Pumping Holdings First Quarter 2024 Earnings: EPS Misses Expectations
Concrete Pumping Holdings (NASDAQ:BBCP) First Quarter 2024 Results
Key Financial Results
Revenue: US$97.7m (up 4.4% from 1Q 2023).
Net loss: US$4.27m (down by 174% from US$5.80m profit in 1Q 2023).
US$0.08 loss per share (down from US$0.11 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Concrete Pumping Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are down 4.8% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Concrete Pumping Holdings (at least 1 which is a bit concerning), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
