Published on 5 May 2024 on Simply Wall St. via Yahoo Finance
Earnings Beat: Arcosa, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their...
A week ago, Arcosa, Inc. (NYSE:ACA) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. It was overall a positive result, with revenues beating expectations by 3.2% to hit US$599m. Arcosa also reported a statutory profit of US$0.80, which was an impressive 58% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for Arcosa
