Aug. 4 at 2:48 AM
$ROAD Institutional investors collectively own 94.83% of ROAD.
Analyst sentiment remains positive but has weakened, with recent price-target reductions and several downgrades to “hold.” The stock has a consensus “Moderate Buy” rating and an average target price of
$134.17.
Construction Partners reported a quarterly earnings beat, posting EPS of
$0.18 versus a
$0.05 loss estimate and revenue of
$769.2 million, up 34.6% year over year. ROAD has developed a history of reporting better than expected earnings--resulting in a10-15% increase in the pre-earnings report price.
