North American Construction Group Future Growth

Future criteria checks 5/6

North American Construction Group is forecast to grow earnings and revenue by 44.8% and 17.4% per annum respectively. EPS is expected to grow by 39.5% per annum. Return on equity is forecast to be 22.9% in 3 years.

Key information

44.8%

Earnings growth rate

39.5%

EPS growth rate

Energy Services earnings growth	5.1%
Revenue growth rate	17.4%
Future return on equity	22.9%
Analyst coverage	Low
Last updated	03 May 2024

Recent future growth updates

Recent updates

Most Shareholders Will Probably Agree With North American Construction Group Ltd.'s (TSE:NOA) CEO Compensation

May 09

North American Construction Group (TSE:NOA) Has Announced A Dividend Of CA$0.10

May 05

North American Construction Group Ltd.'s (TSE:NOA) Shares Not Telling The Full Story

May 03

North American Construction Group (TSE:NOA) Is Paying Out A Dividend Of CA$0.10

Feb 25

We Think North American Construction Group (TSE:NOA) Can Stay On Top Of Its Debt

Jul 31

North American Construction Group's (TSE:NOA) Upcoming Dividend Will Be Larger Than Last Year's

May 01

North American Construction Group's (TSE:NOA) Upcoming Dividend Will Be Larger Than Last Year's

Feb 21

North American Construction Group (TSE:NOA) Has Affirmed Its Dividend Of CA$0.04

Nov 03

North American Construction Group (TSE:NOA) Is Due To Pay A Dividend Of CA$0.04

Aug 04

Here's Why North American Construction Group (TSE:NOA) Is Weighed Down By Its Debt Load

Jul 23

Earnings and Revenue Growth Forecasts

TSX:NOA - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	1,402	139	132	376	5
12/31/2024	1,322	125	87	346	5
3/31/2024	1,010	53	16	250	N/A
12/31/2023	957	63	67	270	N/A
9/30/2023	866	72	45	188	N/A
6/30/2023	863	80	46	182	N/A
3/31/2023	837	76	52	177	N/A
12/31/2022	770	67	54	169	N/A
9/30/2022	717	57	44	157	N/A
6/30/2022	692	50	48	158	N/A
3/31/2022	663	46	36	147	N/A
12/31/2021	654	51	51	165	N/A
9/30/2021	609	46	47	162	N/A
6/30/2021	536	39	22	131	N/A
3/31/2021	467	50	34	140	N/A
12/31/2020	498	49	29	147	N/A
9/30/2020	552	47	38	167	N/A
6/30/2020	625	48	20	160	N/A
3/31/2020	731	49	2	159	N/A
12/31/2019	719	37	0	158	N/A
9/30/2019	661	31	-178	112	N/A
6/30/2019	579	25	-150	125	N/A
3/31/2019	482	11	-137	118	N/A
12/31/2018	410	15	-123	109	N/A
9/30/2018	361	15	-4	78	N/A
6/30/2018	346	13	1	70	N/A
3/31/2018	314	7	10	64	N/A
12/31/2017	293	5	N/A	50	N/A
9/30/2017	273	2	N/A	48	N/A
6/30/2017	251	1	N/A	57	N/A
3/31/2017	228	3	N/A	45	N/A
12/31/2016	213	0	N/A	40	N/A
9/30/2016	216	-1	N/A	48	N/A
6/30/2016	235	-1	N/A	55	N/A
3/31/2016	275	-1	N/A	77	N/A
12/31/2015	281	-7	N/A	77	N/A
9/30/2015	329	-8	N/A	76	N/A
6/30/2015	397	-1	N/A	60	N/A
3/31/2015	449	-1	N/A	45	N/A
12/31/2014	472	-1	N/A	41	N/A
9/30/2014	468	6	N/A	57	N/A
6/30/2014	449	-7	N/A	62	N/A
3/31/2014	448	-9	N/A	61	N/A
12/31/2013	470	-18	N/A	103	N/A
9/30/2013	478	-28	N/A	87	N/A
6/30/2013	486	-25	N/A	111	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOA's forecast earnings growth (44.8% per year) is above the savings rate (2.1%).

Earnings vs Market: NOA's earnings (44.8% per year) are forecast to grow faster than the Canadian market (13.7% per year).

High Growth Earnings: NOA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NOA's revenue (17.4% per year) is forecast to grow faster than the Canadian market (7% per year).

High Growth Revenue: NOA's revenue (17.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NOA's Return on Equity is forecast to be high in 3 years time (22.9%)

North American Construction Group Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

North American Construction Group Ltd. Provides Earnings Guidance for the Year 2024

Consensus EPS estimates increase by 11%

Price target increased by 11% to CA$30.19

Price target increased by 8.2% to CA$24.88

Consensus forecasts updated

Consensus EPS estimates increase by 18%

Recent updates

Chairman of the Board recently bought CA$138k worth of stock

Most Shareholders Will Probably Agree With North American Construction Group Ltd.'s (TSE:NOA) CEO Compensation

North American Construction Group (TSE:NOA) Has Announced A Dividend Of CA$0.10

New minor risk - Shareholder dilution

North American Construction Group Ltd.'s (TSE:NOA) Shares Not Telling The Full Story

New minor risk - Profit margin trend

First quarter 2024 earnings: EPS misses analyst expectations

North American Construction Group Ltd. Declares Quarterly Dividend, Payable on July 5, 2024

North American Construction Group Ltd. to Report Q1, 2024 Results on May 01, 2024

Chairman of the Board recently sold CA$621k worth of stock

Chairman of the Board recently sold CA$127k worth of stock

North American Construction Group Ltd. Provides Earnings Guidance for the Year 2024

North American Construction Group Ltd., Annual General Meeting, May 15, 2024

North American Construction Group Ltd. Appoints Vanessa Guthrie AO to Its Board of Directors

Upcoming dividend of CA$0.10 per share

North American Construction Group (TSE:NOA) Is Paying Out A Dividend Of CA$0.10

Third quarter dividend of CA$0.10 announced

North American Construction Group Ltd. Declares Regular Quarterly Dividend, Payable on April 5, 2024

North American Construction Group Ltd. to Report Q4, 2023 Results on Mar 13, 2024

Upcoming dividend of CA$0.10 per share at 1.5% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

North American Construction Group Ltd. Declares Regular Quarterly Dividend, Payable on January 5, 2024

North American Construction Group Ltd. to Report Q3, 2023 Results on Nov 01, 2023

Chairman of the Board recently sold CA$499k worth of stock

Upcoming dividend of CA$0.10 per share at 1.2% yield

Chairman of the Board recently sold CA$668k worth of stock

Consensus EPS estimates increase by 11%

We Think North American Construction Group (TSE:NOA) Can Stay On Top Of Its Debt

New major risk - Financial position

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

North American Construction Group Ltd. (TSX:NOA) entered into a definitive purchase and sale agreement to acquire Mackellar Mining Pty Ltd for CAD 395 million.

New major risk - Revenue and earnings growth

North American Construction Group Ltd. to Report Q2, 2023 Results on Jul 26, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of CA$0.10 per share at 1.5% yield

Independent Lead Director recently sold CA$537k worth of stock

Price target increased by 11% to CA$30.19

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Chairman of the Board recently sold CA$924k worth of stock

Chairman of the Board recently sold CA$1.1m worth of stock

Upcoming dividend of CA$0.10 per share at 1.8% yield

Full year 2022 earnings: Revenues exceed analyst expectations

North American Construction Group Ltd. Declares Regular Quarterly Dividend, Payable on April 7, 2023

Price target increased by 8.2% to CA$24.88

North American Construction Group Ltd., Annual General Meeting, May 03, 2023

North American Construction Group Ltd. to Report Q4, 2022 Results on Feb 15, 2023

Now 21% undervalued

Chairman of the Board recently sold CA$180k worth of stock

Upcoming dividend of CA$0.08 per share

Insufficient new directors

Consensus forecasts updated

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

North American Construction Group Ltd. (TSX:NOA) acquired ML Northern Services Ltd. for CAD 15 million.

North American Construction Group Ltd. to Report Q3, 2022 Results on Oct 26, 2022

Chairman of the Board recently bought CA$162k worth of stock

Insufficient new directors

Upcoming dividend of CA$0.08 per share

Consensus EPS estimates increase by 18%

Price target decreased to CA$21.13

Second quarter 2022 earnings released: EPS: CA$0.27 (vs CA$0.098 in 2Q 2021)

North American Construction Group Ltd. Declares Quarterly Dividend, Payable on October 7, 2022

Price target decreased to CA$23.00

North American Construction Group Ltd. to Report Q2, 2022 Results on Jul 27, 2022

Price target decreased to CA$23.75

Chairman of the Board recently bought CA$300k worth of stock

Chairman of the Board recently bought CA$70k worth of stock

Upcoming dividend of CA$0.08 per share

Chairman of the Board recently bought CA$236k worth of stock

North American Construction Group's (TSE:NOA) Upcoming Dividend Will Be Larger Than Last Year's