Arcosa (ACA) Q3 Earnings Beat Estimates

Company Performance - Arcosa reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of$ 0.78 per share, and showing an increase from $0.73 per share a year ago, representing an earnings surprise of 16.67% [1] - The company posted revenues of$ 640.4 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 7.36%, compared to $591.7 million in the same quarter last year [2] - Over the last four quarters, Arcosa has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Outlook - Arcosa shares have increased approximately 14.1% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.13 on revenues of $729.4 million, and for the current fiscal year, it is$ 3.57 on revenues of $2.68 billion [7] - The estimate revisions trend for Arcosa is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Building Products - Miscellaneous industry, to which Arcosa belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]