In the latest trading session, North American Construction (NOA - Free Report) closed at $10.46, marking a -0.76% move from the previous day. This change lagged the S&P 500's 0.63% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.64%.
Prior to today's trading, shares of the heavy construction and mining services company had lost 15.27% over the past month. This has lagged the Construction sector's loss of 6.48% and the S&P 500's loss of 4.95% in that time.
Investors will be hoping for strength from NOA as it approaches its next earnings release, which is expected to be February 12, 2019. In that report, analysts expect NOA to post earnings of $0.08 per share. This would mark year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $68.30 million, up 5.71% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.44 per share and revenue of $280.40 million. These totals would mark changes of +214.29% and +24.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NOA. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.38% lower within the past month. NOA is currently a Zacks Rank #3 (Hold).
Investors should also note NOA's current valuation metrics, including its Forward P/E ratio of 23.95. This represents a premium compared to its industry's average Forward P/E of 15.52.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 91, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.