OB:NRCConstruction
NRC Group (OB:NRC) Stock Profit Recovery Meets A Rich P E Reality
NRC Group stock has been grinding higher over the past week, yet today’s Q2 release gives investors a different tension point. The market is paying a very rich trailing P/E of 84.8x for a rail and infrastructure contractor that only recently swung back into the black. The headline this quarter is simple: profit is back with Basic EPS at NOK0.09 and net income at NOK16 million on NOK1,704 million of revenue, but the valuation remains heavy. The gap between a low share price and an optimistic...