TSX:AREConstruction
Aecon (TSX:ARE) Returns to Profitability, Challenging Skepticism Over Earnings Quality and Valuation
Aecon Group (TSX:ARE) is forecast to deliver standout annual earnings growth of 207.99% in the coming years, while revenue is expected to rise at 5.5% per year, outpacing the Canadian market’s 5% growth projection. The company has recently turned profitable, with net profit margins improving after posting positive results in the last year. This follows five years in which earnings fell by 26.4% per year. Investors are likely focusing on Aecon’s valuation, with shares trading at a low 0.4x...