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Concrete Pumping (BBCP) Misses Q3 Earnings and Revenue Estimates
BBCPcrete Pumping (BBCP) ZACKS·2024-09-04 22:20

Core Viewpoint - Concrete Pumping (BBCP) reported quarterly earnings of 0.13pershare,missingtheZacksConsensusEstimateof0.13 per share, missing the Zacks Consensus Estimate of 0.18 per share, and showing a decline from 0.17pershareayearago,indicatinganegativeearningssurpriseof−27.780.17 per share a year ago, indicating a negative earnings surprise of -27.78% [1] Financial Performance - The company posted revenues of 109.62 million for the quarter ended July 2024, missing the Zacks Consensus Estimate by 13.07%, and down from 120.67millionyear−over−year[1]−Overthelastfourquarters,ConcretePumpinghasnotsurpassedconsensusEPSestimatesandhastoppedrevenueestimatesonlyonce[1]StockPerformance−ConcretePumpingshareshavedeclinedapproximately25120.67 million year-over-year [1] - Over the last four quarters, Concrete Pumping has not surpassed consensus EPS estimates and has topped revenue estimates only once [1] Stock Performance - Concrete Pumping shares have declined approximately 25% since the beginning of the year, contrasting with the S&P 500's gain of 15.9% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.20 on revenues of 128.2million,andforthecurrentfiscalyear,itis128.2 million, and for the current fiscal year, it is 0.35 on revenues of $459.1 million [4] - The estimate revisions trend for Concrete Pumping is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Waste Removal Services industry, to which Concrete Pumping belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stock performance [5]