In the latest trading session, North American Construction (NOA - Free Report) closed at $9.37, marking a +1.41% move from the previous day. This change outpaced the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq lost 0.25%.
Coming into today, shares of the heavy construction and mining services company had lost 13.4% in the past month. In that same time, the Construction sector gained 4.85%, while the S&P 500 gained 3.57%.
Investors will be hoping for strength from NOA as it approaches its next earnings release, which is expected to be February 12, 2019. The company is expected to report EPS of $0.08, up 14.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $68.30 million, up 5.71% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.44 per share and revenue of $280.40 million, which would represent changes of +214.29% and +24.06%, respectively, from the prior year.
Any recent changes to analyst estimates for NOA should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, NOA is holding a Forward P/E ratio of 21. This represents a premium compared to its industry's average Forward P/E of 16.07.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 105, putting it in the top 41% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.